Headinvest Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Headinvest reduced its stake in Texas Instruments Incorporated by 16.58% during the most recent quarter end. The investment management company now holds a total of 60,834 shares of Texas Instruments Incorporated which is valued at $4,254,122 after selling 12,093 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Texas Instruments Incorporated makes up approximately 1.51% of Headinvest’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in TXN in the latest quarter, The investment management firm added 84 additional shares and now holds a total of 2,305 shares of Texas Instruments Incorporated which is valued at $163,355. Texas Instruments Incorporated makes up approx 0.03% of Advisory Services Network’s portfolio.North Star Asset Management Inc reduced its stake in TXN by selling 1,125 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 35,791 shares of TXN which is valued at $2,526,845. Texas Instruments Incorporated makes up approx 0.28% of North Star Asset Management Inc’s portfolio.

Texas Instruments Incorporated closed down -1.17 points or -1.67% at $68.76 with 52,04,371 shares getting traded on Tuesday. Post opening the session at $69.93, the shares hit an intraday low of $68.06 and an intraday high of $69.97 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Bernstein Upgraded Texas Instruments Incorporated on Sep 13, 2016 to ” Outperform”, Price Target of the shares are set at $80.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.

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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