Wells Fargo Maintains a 'Market Perform' on Texas Instruments (TXN); Raising Estimates on Strong Orders

Wells Fargo maintains a 'Market Perform' on Texas Instruments (NASDAQ: TXN) price target range $29-34.

Analyst, David Wong, said, "TI guided to solid sequential growth of 3-12% in the June quarter (5-14% excluding a special payment in March), stating that it believes its business cycle bottomed in the first quarter. Orders increased broadly across geographical regions and markets. Our 2012 EPS estimate increases to $1.44 from $1.28. We are leaving our 2013 EPS estimate of $1.99 unchanged."

For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.

Shares of Texas Instruments closed at $31.89 yesterday.

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