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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (48149)	6/9/2010 10:45:37 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95609

Jun 9, 2010 10:25 AM Texas Instruments: Brigantine Upgrades After Bullish Update Posted by Eric Savitz Brigantine Advisors analyst Ramesh Misra this morning raised his rating on Texas Instruments (TXN) to Buy from Hold after the chip maker late yesterday said Q2 results would be the top end of its previous guidance ranges for both revenue and profits. “Sales and orders have continued to be strong in Q2, with the Industrial segment remaining the key growth driver,” he writes in a research note. “The company has continuously raised forward guidance at every juncture for over a year, while valuations have recently fallen to new lows especially as fears over Europe have mounted.” Misra notes that 2010 EPS estimates have moved up 50% since last October. “We believe that the pullback in TXN, and for much of the semiconductor sector, is setting the stage for a ferocious rally as the strength in [first half] semiconductor sales is proven to be much more than a blip driven by inventory re-stocking,” he writes. “With the 13% pull-back in the stock from recent highs, TXN is both a ’safety stock’ as well as a growth stock.” TXN is up 28 cents, or 1.2%, to $24.16.