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Andreas in Insider trading,

Semiconductor companies trading up

Yesterday’s reporting of Texas Instruments (TXN), a major semiconductor company, was better than expected. Revenue amounted to USD 3.49 bn, while analysts expected USD 3.28 bn, EPS reached 76 cents, outpacing consensus of 67 cents. Texas Instruments opened 8% higher today. Acquisition of another semiconductor company SanDisck by Western Digital was recently announced. M/A transactions and good reports can spur mid-term rally in the industry. I assign a Buy recommendation to shares of TXN and INTC (which recently released a strong report).