Company Description: Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. It operates in four segments: Analog, Embedded Processing, Wireless, and Other. The Analog segment offers high-performance analog products comprising standard analog semiconductors, such as amplifiers, data converters, low-power radio frequency devices, and interface and power management semiconductors; and high-volume analog, and standard linear and logic products. The Embedded Processing segment includes DSPs that perform mathematical computations instantaneously to process and improve digital data; and microcontrollers, which are designed to control a set of specific tasks for electronic equipment. The Wireless segment primarily focuses on applications processors. The Other segment offers smaller semiconductor products, which include DLP products that are used to create high-definition images for business and home theater projectors, televisions, and movie projectors; reduced-instruction set computing microprocessors; and application-specific integrated circuits. This segment also provides handheld graphing and scientific calculators, as well as licenses technologies to other electronics companies. Texas Instruments Incorporated serves communications, computing, industrial, consumer electronics, automotive, and education sectors. It has a collaboration agreement with Softkinetic-Optrima to design, develop, and market joint 3D imaging solutions for the television, personal computers, digital signage, health and fitness, industrial, robotics, automotive, and security markets. The company was founded in 1930 and is headquartered in Dallas, Texas..

Our Analysis: The shares of Texas Instruments, Inc. 'TXN' moved sharply lower yesterday on heavier than normal trading volume. They finished the day by closing below a recently established support level. This is a bearish trading signal. The shares of 'TXN' are also the component of numerous high tech indices which also moved lower on the day as well, another bearish trading signal. The shares of 'TXN' should continue to move lower and test our price targets of $22.75 & $22.34/share, support levels established in the 1st part of October of last year. I see upside resistance on the shares of 'TXN' @ $25.08/share, and have set my stops accordingly @ $25.53/share.