Texas Instruments (NYSE:TXN) Commentary Positive for Industry

Commentary on Texas Instruments (NYSE:TXN) appears to be good news for the sector, according to FBR, who sees the soft landing remaining intact.

FBR says, "Soft landing intact with analog power management chip stocks attractive. We are favorable on many of the analog and discrete chip stocks we analyze and think that sound execution, stable business models, and still-attractive valuation metrics allow for further share price upside, particularly in relation to some of the more fully valued "story" stocks out there (NVIDIA (Nasdaq:NVDA), Atmel (Nasdaq:ATML)). TI's commentary appears positive for the industry and we continue to think analog and discrete firms like ON Semi (Nasdaq:ONNN), Fairchild (NYSE:FCS), Maxim (Nasdaq:MXIM), National Semi (NYSE:NSM), and Int'l Rectifier (NYSE: IRF) can still see solid upside appreciation as we move through 2011."

FBR Capital reiterates an 'Outperform' on Texas Instruments (TXN), which was trading at $33.99, down $0.66, or 1.90 percent, as of 1:21 PM EST. FBR has a price target of $40 on Texas Instruments.