Gyroscope Capital Management Group buys $4,099,388 stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Gyroscope Capital Management Group scooped up 708 additional shares in Texas Instruments Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 71,768 shares of Texas Instruments Incorporated which is valued at $4,099,388.Texas Instruments Incorporated makes up approximately 3.18% of Gyroscope Capital Management Group’s portfolio.

Other Hedge Funds, Including , Bruderman Asset Management boosted its stake in TXN in the latest quarter, The investment management firm added 226 additional shares and now holds a total of 14,591 shares of Texas Instruments Incorporated which is valued at $833,438. Texas Instruments Incorporated makes up approx 0.29% of Bruderman Asset Management’s portfolio.State Treasurer State Of Michigan reduced its stake in TXN by selling 800 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 665,014 shares of TXN which is valued at $38,038,801. Texas Instruments Incorporated makes up approx 0.30% of State Treasurer State Of Michigan’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in TXN during the most recent quarter. The investment firm sold 64,175 shares of TXN which is valued $3,670,810.Commonwealth Equity Services Inc boosted its stake in TXN in the latest quarter, The investment management firm added 13,922 additional shares and now holds a total of 90,114 shares of Texas Instruments Incorporated which is valued at $5,140,103. Texas Instruments Incorporated makes up approx 0.05% of Commonwealth Equity Services Inc’s portfolio.

Texas Instruments Incorporated closed down -0.04 points or -0.07% at $57.12 with 40,62,753 shares getting traded on Friday. Post opening the session at $57.08, the shares hit an intraday low of $56.98 and an intraday high of $57.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. 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 .Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $65 .

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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