Texas Instruments (TXN) Posts Q3 EPS of 67c; Guides Q4 EPS Below Views

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Gabelli Downgrades Texas Instruments (TXN) to Hold Following Q3 Results

October 23, 2012 9:57 AM EDT

Gabelli downgraded Texas Instruments (NASDAQ: TXN) from Buy to Hold on lower projection, valuation, and our view that end-demand weaknesses may continue well into 1H 2013. The firm is also lowering 4Q revenue estimate and gross margin projection.

"Considering that March quarter is... More