Primecap Management Coca buys $3,114.8 Million stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Primecap Management Coca scooped up 46,050 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 12, 2016. The investment management firm now holds a total of 54,529,986 shares of Texas Instruments Incorporated which is valued at $3,114.8 Million.Texas Instruments Incorporated makes up approximately 3.50% of Primecap Management Coca’s portfolio.

Other Hedge Funds, Including , Signaturefd boosted its stake in TXN in the latest quarter, The investment management firm added 621 additional shares and now holds a total of 3,215 shares of Texas Instruments Incorporated which is valued at $183,641. Texas Instruments Incorporated makes up approx 0.03% of Signaturefd’s portfolio. Caprock Group added TXN to its portfolio by purchasing 13,666 company shares during the most recent quarter which is valued at $780,602. Texas Instruments Incorporated makes up approx 0.19% of Caprock Group’s portfolio.Kcm Investment Advisors boosted its stake in TXN in the latest quarter, The investment management firm added 937 additional shares and now holds a total of 7,037 shares of Texas Instruments Incorporated which is valued at $401,953. Texas Instruments Incorporated makes up approx 0.03% of Kcm Investment Advisors’s portfolio.Blackrock Investment Management reduced its stake in TXN by selling 111,600 shares or 5.11% in the most recent quarter. The Hedge Fund company now holds 2,074,469 shares of TXN which is valued at $118.5 Million. Texas Instruments Incorporated makes up approx 0.16% of Blackrock Investment Management’s portfolio.

Texas Instruments Incorporated opened for trading at $57.49 and hit $58.83 on the upside on Friday, eventually ending the session at $58.53, with a gain of 2.27% or 1.3 points. The heightened volatility saw the trading volume jump to 63,36,966 shares. Company has a market cap of $58,777,406 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.

Leave a Reply

Texas Instruments Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Texas Instruments Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.