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Texas Instruments’ Estimates Boosted at BMO Capital & UBS (TXN)

By Dividend.com April 24, 2012, 10:09:02 AM EDT

Semiconductors maker Texas Instruments Incorporated ( TXN ) on Tuesday caught some positive commentary from analysts at two major Wall Street firms.

BMO Capital said it lifted its earnings estimates for TXN through 2013, noting that higher sales are driving better margin growth. The analyst maintained its "Market Perform" rating on TXN but lifted its price target to $32, which suggests zero upside to the stock's Monday closing price of $31.89.

Meanwhile, UBS maintained its "Neutral" rating on TXN but raised its earnings estimates for 2012, citing the company's slightly better results and outlook.

Texas Instruments shares posted modest gains in morning trading Tuesday.

The Bottom Line
Shares of Texas Instruments ( TXN ) have a 2.13% dividend yield, based on last night's closing stock price of $31.89. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

Texas Instruments Incorporated ( TXN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: TXN



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