Texas Instruments Incorporated (TXN) : Fayez Sarofim Co reduced its stake in Texas Instruments Incorporated by 2.07% during the most recent quarter end. The investment management company now holds a total of 4,237,033 shares of Texas Instruments Incorporated which is valued at $242 Million after selling 89,781 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on May 13, 2016.Texas Instruments Incorporated makes up approximately 1.38% of Fayez Sarofim Co’s portfolio.
Other Hedge Funds, Including , Prudential Plc reduced its stake in TXN by selling 3,424 shares or 19.56% in the most recent quarter. The Hedge Fund company now holds 14,083 shares of TXN which is valued at $804,421. Advisors Preferred sold out all of its stake in TXN during the most recent quarter. The investment firm sold 399 shares of TXN which is valued $22,791.Cottage Street Advisors boosted its stake in TXN in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 15,800 shares of Texas Instruments Incorporated which is valued at $902,496. Texas Instruments Incorporated makes up approx 0.80% of Cottage Street Advisors’s portfolio.Rehmann Capital Advisory Group reduced its stake in TXN by selling 1,335 shares or 19.82% in the most recent quarter. The Hedge Fund company now holds 5,401 shares of TXN which is valued at $308,505. Texas Instruments Incorporated makes up approx 0.06% of Rehmann Capital Advisory Group’s portfolio.Spinnaker Trust boosted its stake in TXN in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 7,393 shares of Texas Instruments Incorporated which is valued at $422,880. Texas Instruments Incorporated makes up approx 0.06% of Spinnaker Trust’s portfolio.
Texas Instruments Incorporated opened for trading at $60.15 and hit $60.51 on the upside on Wednesday, eventually ending the session at $60.44, with a gain of 0.58% or 0.35 points. The heightened volatility saw the trading volume jump to 57,90,180 shares. Company has a market cap of $60,695 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 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.