Cutler Investment Counsel Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Cutler Investment Counsel reduced its stake in Texas Instruments Incorporated by 3.16% during the most recent quarter end. The investment management company now holds a total of 131,334 shares of Texas Instruments Incorporated which is valued at $7.5 Million after selling 4,292 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on May 11, 2016.Texas Instruments Incorporated makes up approximately 2.29% of Cutler Investment Counsel’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in TXN by selling 2,950 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 42,285 shares of TXN which is valued at $2.4 Million. Texas Instruments Incorporated makes up approx 0.80% of Tradition Capital Management’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in TXN in the latest quarter, The investment management firm added 6,383 additional shares and now holds a total of 225,289 shares of Texas Instruments Incorporated which is valued at $12.9 Million. Texas Instruments Incorporated makes up approx 0.11% of Public Employees Retirement Association Of Colorado’s portfolio.World Asset Management Inc reduced its stake in TXN by selling 13,430 shares or 11.76% in the most recent quarter. The Hedge Fund company now holds 100,753 shares of TXN which is valued at $5.7 Million. Texas Instruments Incorporated makes up approx 0.23% of World Asset Management Inc’s portfolio.

Texas Instruments Incorporated opened for trading at $57.46 and hit $58.51 on the upside on Monday, eventually ending the session at $58.02, with a gain of 1.58% or 0.9 points. The heightened volatility saw the trading volume jump to 42,65,331 shares. Company has a market cap of $58,265 M.

On the company’s financial health, Texas Instruments Incorporated reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.62. The company had revenue of $3008.00 million for the quarter, compared to analysts expectations of $2984.63 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on Texas Instruments Incorporated. Credit Agricole Initiated Texas Instruments Incorporated on May 17, 2016 to “Underperform”, Price Target of the shares are set at $60.Company shares were Reiterated by Drexel Hamilton on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $64 .Company shares were Reiterated by Cowen on Apr 28, 2016 to “Market Perform”, Firm has raised the Price Target to $ 60 from a previous price target of $56 .

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 Company’s Analog segment includes the following product lines: High Volume Analog & Logic Power Management High Performance Analog and Silicon Valley Analog. The Company’s 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.

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