Texas Instruments Inc. (NYSE: TXN) reported its 2009 second quarter earnings today.  TI’s net earning per share for the second quarter was $0.20 per share with net income of $260 million. To read the entire report please see this release. TI also gave a earning guidence of 0.29-0.39 for the third quarter with revenue between 2.5 and 2.8 billions.

As you can see in the previous post, we have been holding TI for a while now with an average cost basis of $15.58. Based on today’s closing price of $23.61, we are up 51.5% not counting the dividend it has paid. With the improved earning outlook and stable dividends, I think we should keep holding it. What do you guys think?