Karpas Strategies Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Karpas Strategies reduced its stake in Texas Instruments Incorporated by 0.14% during the most recent quarter end. The investment management company now holds a total of 47,935 shares of Texas Instruments Incorporated which is valued at $3,139,263 after selling 65 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Texas Instruments Incorporated makes up approximately 1.52% of Karpas Strategies’s portfolio.

Other Hedge Funds, Including , First National Bank Of Mount Dora Trust Investment Services reduced its stake in TXN by selling 408 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 71,826 shares of TXN which is valued at $4,701,012. Texas Instruments Incorporated makes up approx 2.60% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Partnerre Asset Management Corp reduced its stake in TXN by selling 100 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 6,778 shares of TXN which is valued at $441,858. Texas Instruments Incorporated makes up approx 0.22% of Partnerre Asset Management Corp’s portfolio.

Texas Instruments Incorporated closed down -0.48 points or -0.68% at $69.75 with 79,63,050 shares getting traded on Friday. Post opening the session at $70.32, the shares hit an intraday low of $69.63 and an intraday high of $70.465 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 $0.76 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 Mizuho on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 65 from a previous price target of $57 .Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $60 .Company shares were Reiterated by Drexel Hamilton on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $71 .

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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