Updated from July 21 Tuesday investors were bidding up Texas Instruments ( TXN ) shares, grateful the semiconductor company had sidestepped the morass that has bogged down many of the wireless-dependent companies. In recent trading, TI's shares were up the stock $1.31 or 7.3% to $19.19. After rattling investors with a profit warning in June, Texas Instrument Monday offered a little relief, turning in second-quarter sales in line with expectations with a penny upside on earnings. Guidance was on par with Wall Street 's consensus numbers -- a plus for investors who'd girded for bad news. Lehman analyst Dan Niles awarded TI by upgrading it two levels, from underweight to overweight -- the first action he's taken since going negative on the shares back in June of 2000. Though he slightly lowered earnings per share estimates for calendar year 2003 and 2004, Niles said he thinks this will be the last EPS cut of this year for TI.