Texas Instruments Boosts Guidance

Updated from March 8

After the close Monday, Texas Instruments(TXN Quote) raised the midpoint of its first-quarter sales guidance and boosted its earnings outlook, citing strong demand across its chip lineup. On a related note, the company said prices for its commodity semiconductors are on the upswing, reversing a three-year slide.

Still, TI shares were recently down 40 cents, or 1.3%, to $30.20 early Tuesday. But that likely owes to profit-taking rather than any perceived shortfall within TI's guidance, said Legg Mason analyst Cody Acree. ...