As previously reported, Longbow upgraded Texas Instruments to Buy from Neutral with a $134 price target. Analyst Shawn Harrison said CY2Q semi sales grew +4.5% versus seasonality of +3.9%-4%, connector sales grew +5% sequentially versus seasonality of +3.3%-3.4%, and contacts see CY3 global semi and connector sales 50-60bp better than seasonality. The analyst expects CY2 industry organic sales and CY3 guidance to come in ahead of consensus and views Texas Instruments as a "semi safe haven" during market uncertainty due to free cash flow generation, an under-leveraged balance sheet, aggressive buybacks.