NEW YORK, June 6 (Reuters) - Texas Instruments Inc shares could be poised to rise more than 40 percent, with the chipmaker well-positioned to expand its market share in highly profitable analog and embedded application chips, according to the the latest issue of Barron's.
Barron's, the financial weekly, cited Sound Shore Management portfolio manager John DeGulis as saying a $35 price tag on the stock is 'very reasonable.'
TI shares closed at $24.20 in New York Stock Exchange trading on Friday .
((Reporting by Paul Thomasch, Editing by Gary Crosse))
((paul.thomasch@thomsonreuters.com; +1-646-223-6092; Reuters Messaging: paul.thomasch.reuters.com@reuters.com)) Keywords: TEXASINSTRUMENTS/ (For more coverage at the Reuters MediaFile blog, visit: http://blogs.reuters.com/mediafile/) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Barron's, the financial weekly, cited Sound Shore Management portfolio manager John DeGulis as saying a $35 price tag on the stock is 'very reasonable.'
TI shares closed at $24.20 in New York Stock Exchange trading on Friday .
((Reporting by Paul Thomasch, Editing by Gary Crosse))
((paul.thomasch@thomsonreuters.com; +1-646-223-6092; Reuters Messaging: paul.thomasch.reuters.com@reuters.com)) Keywords: TEXASINSTRUMENTS/ (For more coverage at the Reuters MediaFile blog, visit: http://blogs.reuters.com/mediafile/) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.