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Texas Instruments: Still Marching Toward $40
Posted February 22, 2012
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By Cameron Kaine
The semiconductor industry has been one that I have been trying to figure out for quite some time. I have become torn between names such as Qualcomm (QCOM), Atmel (ATML) and of course my new favorite, Texas Instruments (TXN) - all of which make excellent bets because of their ties to the top selling Apple (AAPL) products. However, of the three, I have grown fonder of Texas Instruments of late for no other reason than the fact that I think it presents the better value. Plus it also helps that the company has appeared to be on a bit of a roll recently - gaining share in markets such as amplifiers, power management and (oh by the way) did I mention it get slots in Apple products?
A few months ago, Texas Instruments revised down its fourth quarter guidance and cited overall chip weakness within the market. While not entirely specific, I wanted to know what it meant by this and it prompted me to also look at the overall chip sector where competitors such as Intel (INTC) and Atmel had experienced similar concerns. However, I soon discovered that other tech companies outside of the sector, such as Cisco (CSCO) - which does a lot of business within chips - had also shown sharp declines in sales while citing similar reasons. READ FULL ARTICLE HERE
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