Fort Pitt Capital Group Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Fort Pitt Capital Group reduced its stake in Texas Instruments Incorporated by 1.45% during the most recent quarter end. The investment management company now holds a total of 258,262 shares of Texas Instruments Incorporated which is valued at $17,789,087 after selling 3,798 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Texas Instruments Incorporated makes up approximately 2.11% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Courier Capital Corp boosted its stake in TXN in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 16,171 shares of Texas Instruments Incorporated which is valued at $1,113,858. Texas Instruments Incorporated makes up approx 0.22% of Courier Capital Corp’s portfolio.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.Nisa Investment Advisors boosted its stake in TXN in the latest quarter, The investment management firm added 27,730 additional shares and now holds a total of 531,481 shares of Texas Instruments Incorporated which is valued at $34,647,246. Texas Instruments Incorporated makes up approx 0.45% of Nisa Investment Advisors’s portfolio.Forte Capital Adv reduced its stake in TXN by selling 1,200 shares or 8.46% in the most recent quarter. The Hedge Fund company now holds 12,992 shares of TXN which is valued at $838,504. Texas Instruments Incorporated makes up approx 0.32% of Forte Capital Adv’s portfolio.

Texas Instruments Incorporated opened for trading at $69.5 and hit $69.71 on the upside on Thursday, eventually ending the session at $69.61, with a gain of 1.06% or 0.73 points. The heightened volatility saw the trading volume jump to 43,82,084 shares. Company has a market cap of $69,904 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. Texas Instruments Incorporated was Upgraded by Exane BNP Paribas to ” Neutral” on Aug 4, 2016. Company shares were Reiterated by Mizuho on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 65 from a previous price target of $57 .Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $60 .

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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