Wedbush is assuming coverage on Texas Instruments (TXN) with an Outperform and $33 PT; it sees...

|By:, SA News Editor

Wedbush is assuming coverage on Texas Instruments (TXN) with an Outperform and $33 PT; it sees the company's Q3 guidance cut as the result of macro issues rather than chip industry cyclicality, and considers this a positive for the industry at-large. Wedbush also likes TI's analog share gains, mobile position, and acquisition of NSM.