Piedmont Investment Advisors buys $49,419,273 stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Piedmont Investment Advisors scooped up 2,925 additional shares in Texas Instruments Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 707,607 shares of Texas Instruments Incorporated which is valued at $49,419,273.Texas Instruments Incorporated makes up approximately 0.99% of Piedmont Investment Advisors’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership reduced its stake in TXN by selling 884,763 shares or 99.46% in the most recent quarter. The Hedge Fund company now holds 4,783 shares of TXN which is valued at $334,045.Lord Abbett boosted its stake in TXN in the latest quarter, The investment management firm added 191,300 additional shares and now holds a total of 373,200 shares of Texas Instruments Incorporated which is valued at $26,064,288. Texas Instruments Incorporated makes up approx 0.08% of Lord Abbett’s portfolio.Blair William Coil boosted its stake in TXN in the latest quarter, The investment management firm added 14,586 additional shares and now holds a total of 190,558 shares of Texas Instruments Incorporated which is valued at $13,339,060. Texas Instruments Incorporated makes up approx 0.12% of Blair William Coil’s portfolio. Diligent Investors added TXN to its portfolio by purchasing 3,396 company shares during the most recent quarter which is valued at $236,871. Texas Instruments Incorporated makes up approx 0.21% of Diligent Investors’s portfolio. Cribstone Capital Management added TXN to its portfolio by purchasing 304 company shares during the most recent quarter which is valued at $19,897. Texas Instruments Incorporated makes up approx 0.01% of Cribstone Capital Management’s portfolio.

Texas Instruments Incorporated opened for trading at $68.78 and hit $69.79 on the upside on Thursday, eventually ending the session at $69.7, with a gain of 0.23% or 0.16 points. The heightened volatility saw the trading volume jump to 45,35,987 shares. Company has a market cap of $69,924 M.

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 RBC Capital Mkts on Aug 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Texas Instruments Incorporated was Upgraded by Exane BNP Paribas to ” Neutral” on Aug 4, 2016. 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 .

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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