Parametric Risk Advisors adds Texas Instruments Incorporated (TXN) to its portfolio

Texas Instruments Incorporated (TXN) : Parametric Risk Advisors added new position in Texas Instruments Incorporated during the most recent quarter end. The investment management firm now holds 400,000 shares of Texas Instruments Incorporated which is valued at $22.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Texas Instruments Incorporated makes up approximately 1.54% of Parametric Risk Advisors’s portfolio.

Other Hedge Funds, Including , Srb Corp boosted its stake in TXN in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 2,624 shares of Texas Instruments Incorporated which is valued at $149,883. Texas Instruments Incorporated makes up approx 0.02% of Srb Corp’s portfolio.Ardevora Asset Management Llp boosted its stake in TXN in the latest quarter, The investment management firm added 83,400 additional shares and now holds a total of 419,800 shares of Texas Instruments Incorporated which is valued at $24 Million. Texas Instruments Incorporated makes up approx 1.16% of Ardevora Asset Management Llp’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 $3.7 Million.Whittier Trust Co reduced its stake in TXN by selling 7,042 shares or 13.78% in the most recent quarter. The Hedge Fund company now holds 44,058 shares of TXN which is valued at $2.5 Million. Texas Instruments Incorporated makes up approx 0.11% of Whittier Trust Co’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 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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