Texas Instruments Outperforms
Stocks: (TXN)(INTC)(AMD)(NOK)(MOT)
Cowen & Company initiated coverage on TI with an "outperform" rating. Matrix Research upped the stock's rating last week.
A lot of brokerages start to move stocks to the "hold" or "neutral" position when their stocks make a big run. They get "overvalued".
Texas Instruments has moved from $27 to over $32 in about a month, a rise of almost 20% in five weeks.
While Intel and AMD knock each others brains out the PC business, TI is sucking up business from huge video surveillance companies like China's Hikvision which just bought three million TI video decoder chips.
TI's big cell phone chip customers are all seeing strong growth: Nokia, Sony Ericsson, and Motorola.
Not all of the chip companies are taking on water. TI's business is likely to get much better. Its strong June quarter is just the beginning.
Douglas A. McIntyre can be reached at douglasamcintyre@gmail.com. He does not own securities in companies that he writes about.
Cowen & Company initiated coverage on TI with an "outperform" rating. Matrix Research upped the stock's rating last week.
A lot of brokerages start to move stocks to the "hold" or "neutral" position when their stocks make a big run. They get "overvalued".
Texas Instruments has moved from $27 to over $32 in about a month, a rise of almost 20% in five weeks.
While Intel and AMD knock each others brains out the PC business, TI is sucking up business from huge video surveillance companies like China's Hikvision which just bought three million TI video decoder chips.
TI's big cell phone chip customers are all seeing strong growth: Nokia, Sony Ericsson, and Motorola.
Not all of the chip companies are taking on water. TI's business is likely to get much better. Its strong June quarter is just the beginning.
Douglas A. McIntyre can be reached at douglasamcintyre@gmail.com. He does not own securities in companies that he writes about.
posted by douglas mcintyre at 12:11 PM
Subscribe
<< Home