Cleararc Capital Inc buys $4,142,769 stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Cleararc Capital Inc scooped up 23,805 additional shares in Texas Instruments Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 59,318 shares of Texas Instruments Incorporated which is valued at $4,142,769.Texas Instruments Incorporated makes up approximately 0.78% of Cleararc Capital Inc’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management boosted its stake in TXN in the latest quarter, The investment management firm added 9,149 additional shares and now holds a total of 14,723 shares of Texas Instruments Incorporated which is valued at $1,028,254. Texas Instruments Incorporated makes up approx 0.03% of Bluemountain Capital Management’s portfolio.Homrich Berg boosted its stake in TXN in the latest quarter, The investment management firm added 3,668 additional shares and now holds a total of 9,768 shares of Texas Instruments Incorporated which is valued at $682,197. Texas Instruments Incorporated makes up approx 0.06% of Homrich Berg’s portfolio.Welch Forbes reduced its stake in TXN by selling 660 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 33,421 shares of TXN which is valued at $2,302,038. Texas Instruments Incorporated makes up approx 0.07% of Welch Forbes’s portfolio. Alethea Capital Management sold out all of its stake in TXN during the most recent quarter. The investment firm sold 43,164 shares of TXN which is valued $2,826,810.Palo Capital boosted its stake in TXN in the latest quarter, The investment management firm added 26,121 additional shares and now holds a total of 41,398 shares of Texas Instruments Incorporated which is valued at $2,711,155. Texas Instruments Incorporated makes up approx 0.90% of Palo Capital’s portfolio.

Texas Instruments Incorporated closed down -0.02 points or -0.03% at $69.98 with 47,79,204 shares getting traded on Tuesday. Post opening the session at $70.42, the shares hit an intraday low of $69.93 and an intraday high of $70.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Company shares were Reiterated by RBC Capital Mkts on Aug 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .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 .

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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