Texas Instruments Incorporated (TXN) : Ferguson Wellman Capital Management Inc scooped up 201,422 additional shares in Texas Instruments Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 878,479 shares of Texas Instruments Incorporated which is valued at $51,549,148.Texas Instruments Incorporated makes up approximately 2.14% of Ferguson Wellman Capital Management Inc’s portfolio.
Texas Instruments Incorporated closed down -0.18 points or -0.31% at $58.68 with 53,59,856 shares getting traded on Friday. Post opening the session at $58.81, the shares hit an intraday low of $58.44 and an intraday high of $59.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Marathon Asset Management Llp boosted its stake in TXN in the latest quarter, The investment management firm added 48,351 additional shares and now holds a total of 1,515,236 shares of Texas Instruments Incorporated which is valued at $88,914,048. Texas Instruments Incorporated makes up approx 1.92% of Marathon Asset Management Llp’s portfolio. First Citizens Bank Trust Co sold out all of its stake in TXN during the most recent quarter. The investment firm sold 4,399 shares of TXN which is valued $258,133.Fort Pitt Capital Group reduced its stake in TXN by selling 3,497 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 262,060 shares of TXN which is valued at $15,377,681. Texas Instruments Incorporated makes up approx 1.87% of Fort Pitt Capital Group’s portfolio. Beacon Capital Management sold out all of its stake in TXN during the most recent quarter. The investment firm sold 5 shares of TXN which is valued $293.
On the company’s financial health, Texas Instruments Incorporated reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $3189.00 million for the quarter, compared to analysts expectations of $3204.47 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Texas Instruments Incorporated. Texas Instruments Incorporated was Downgraded by Raymond James to ” Outperform” on Apr 19, 2016. Company shares were Reiterated by Mizuho on Apr 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $51 .Drexel Hamilton Reiterated Texas Instruments Incorporated on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $64.
Texas Instruments Incorporated designs makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Companys Analog segment includes the following product lines: High Volume Analog & Logic Power Management High Performance Analog and Silicon Valley Analog. The Companys Embedded Processing segment includes the following product lines: Processor Microcontrollers and Connectivity. The Company is also engaged in smaller product lines such as DLP products certain custom semiconductors known as application-specific integrated circuits calculators baseband products and applications processors and connectivity products. The revenues from these smaller businesses are included under the Other segment. The Company has design manufacturing or sales operations in 35 countries.