Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 303.84

+1.3%

Dec 22 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Donald Wennerstrom who wrote (29789)	3/31/2006 9:16:35 PM
From: Donald Wennerstrom	Read Replies (1) of 95626

Texas Instruments Remains 'Top Pick' In Chips Maya Roney, 03.31.06, 10:36 AM ET Texas Instruments is a "top pick" for Banc of America analyst Sumit Dhanda, who expects the company to continue to outgrow the semiconductor market due to its strong position in key segments and expected gross margin improvement in 2006. "We continue to believe that Texas Instruments' strong position in wireless and high performance analog – coupled with a cyclical tailwind – is likely to move fundamentals and the stock higher," wrote Dhanda in a report Friday. The analyst met recently with TI (nyse: TXN - news - people ) management and characterized the tone of their conversation as "generally upbeat, with the majority of the incremental information supportive of our positive view of the stock." Dhanda expects gross margins to witness further improvement in 2006 stemming from lower depreciation, increased sales of higher margin analog products, and higher utilization rates of TI's internal manufacturing facilities. The analyst noted that his optimism on TI is underscored by Nokia’s update calling for higher global handset growth in calendar 2006, as well as Nokia's previously updated guidance for 40 million 3G units in calendar 2006. "We think that both increases represent upside to TI’s prior expectations in handsets," he said. Dhanda maintained a "buy" rating and $39 price target on TI. Banc of America's other "top pick" in semiconductors is Microchip Technology (nasdaq: MCHP - news - people ), rated "buy" with a $40 price target. The firm's least favorite is Lattice Semiconductor (nasdaq: LSCC - news - people ), rated "sell" with a $4 price target.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next