Texas Instruments on Monday posted a quarterly profit at the top end of its target range and the chipmaker said it saw strong demand in all its end markets.

TI, whose chips go in a broad array of products including consumer electronics and industrial equipment, said its profit rose to $655 million, or 52 cents per share, compared with $107 million, or 8 cents a share, in the same quarter of 2008.

Before a 1 cent tax-related benefit the profit was 51 cents per share -- in line with the high end of a December forecast, the company's chief financial officer said.

Revenue rose to $3.00 billion from $2.49 billion in the year-ago quarter, when the entire industry was suffering from a sharp fall-off of demand amid global economic weakness.

This was slightly ahead of average analyst expectations for revenue of $2.977 billion, according to Thomson Reuters I/B/E/S.

In December TI had forecast earnings per share of 47 cents to 51 cents on revenue of $2.9 billion to $3.02 billion.

Shares in Texas Instruments were down 2.2 percent at $23.16 after closing at $23.69 on the New York Stock Exchange.

Shares in TI have fallen about 10 percent since the forecast as some investors were disappointed with the pace of recovery from the downturn.

(Reporting by Sinead Carew; Editing by Gary Hill)