Investors will be searching for more signs of a tech recovery when

Texas Instruments

(TXN) - Get Report

reports its second-quarter results Monday after the market closes.

The chipmaker will be hoping to emulate


(INTC) - Get Report

, which recently

blew through

analysts' second-quarter estimates and raised its guidance, prompting talk of a long-awaited tech



Like many component manufacturers, Texas Instruments has been feeling the strain of the economic slowdown but may now be poised to rebound.

Analysts surveyed by Thomson Financial expect the firm to report revenue of $2.41 billion, down 28% year-over-year, but up 16% sequentially.

The Dallas, Texas-based firm, which competes with


(STM) - Get Report



(QCOM) - Get Report

, is expected to post earnings of 18 cents a share, although at least one analyst thinks that the company's numbers could be even higher.

"We continue to expect second-quarter revenue in the $2.46 billion range," wrote Adam Benjamin, an analyst at Jefferies & Company, in a note released Monday,


the firm from underperform to hold. "

We are upgrading as industry checks suggest further strengthening in the recovery of its business."

The analyst forecasts earnings of 27 cents a share, well above both Wall Street's estimate and the firm's own guidance of between 18 cents a share and 22 cents a share.

"More importantly, we believe that Q3 bookings and visibility continues to improve," added Benjamin. "Our checks indicate that Texas Instruments' September quarter guidance will likely be much better than previously expected -- in the $2.75 billion range, (up 10% to 12% sequentially) as the recovery in wireless and business in China can likely continue for several quarters."

Analysts are expecting Texas Instruments to post third-quarter revenue of $2.52 billion and earnings of 18 cents a share, so the company's guidance will be closely monitored.

The chipmaker saw its first quarter

profit and revenue

tumble on shrinking demand, but beat its expectations, thanks to strength in Asia. Specifically, the firm saw continued strength in 3G base-stations, and growing demand for notebooks, some handsets and LCD-based high-definition TVs.

Texas Instruments shares rose 12 cents, or 0.52%, to $23.13, reflecting the modest rally in tech stocks that saw the Nasdaq rise 0.29%.