Sadoff Investment Management Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Sadoff Investment Management reduced its stake in Texas Instruments Incorporated by 0.16% during the most recent quarter end. The investment management company now holds a total of 495,864 shares of Texas Instruments Incorporated which is valued at $32,474,133 after selling 800 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Texas Instruments Incorporated makes up approximately 3.68% of Sadoff Investment Management’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in TXN by selling 347 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 157,204 shares of TXN which is valued at $10,289,002. Texas Instruments Incorporated makes up approx 0.77% of First National Bank Of Omaha’s portfolio.Berkshire Asset Managementpa reduced its stake in TXN by selling 1,780 shares or 16.41% in the most recent quarter. The Hedge Fund company now holds 9,064 shares of TXN which is valued at $593,239. Texas Instruments Incorporated makes up approx 0.09% of Berkshire Asset Managementpa’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TXN by selling 702,435 shares or 89.12% in the most recent quarter. The Hedge Fund company now holds 85,747 shares of TXN which is valued at $5,425,213. Texas Instruments Incorporated makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

Texas Instruments Incorporated opened for trading at $65.32 and hit $65.68 on the upside on Wednesday, eventually ending the session at $65.45, with a gain of 0.79% or 0.51 points. The heightened volatility saw the trading volume jump to 47,44,093 shares. Company has a market cap of $65,727 M.

On the company’s financial health, Texas Instruments Incorporated reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.72. The company had revenue of $3273.00 million for the quarter, compared to analysts expectations of $3200.20 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Texas Instruments Incorporated. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Outperform” and Lowered the Price Target to $ 66 from a previous price target of $68 .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 .

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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