Portland Global Advisors Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Portland Global Advisors reduced its stake in Texas Instruments Incorporated by 2.26% during the most recent quarter end. The investment management company now holds a total of 36,558 shares of Texas Instruments Incorporated which is valued at $2,605,489 after selling 845 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Texas Instruments Incorporated makes up approximately 1.16% of Portland Global Advisors’s portfolio.

Other Hedge Funds, Including , Seminole Management boosted its stake in TXN in the latest quarter, The investment management firm added 24,441 additional shares and now holds a total of 456,615 shares of Texas Instruments Incorporated which is valued at $32,542,951. Texas Instruments Incorporated makes up approx 3.21% of Seminole Management’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in TXN by selling 292,473 shares or 41.21% in the most recent quarter. The Hedge Fund company now holds 417,323 shares of TXN which is valued at $27,330,483. Texas Instruments Incorporated makes up approx 0.49% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Cibc World Markets boosted its stake in TXN in the latest quarter, The investment management firm added 48,280 additional shares and now holds a total of 58,255 shares of Texas Instruments Incorporated which is valued at $3,815,120. Texas Instruments Incorporated makes up approx 0.02% of Cibc World Markets’s portfolio.Nisa Investment Advisors boosted its stake in TXN in the latest quarter, The investment management firm added 27,730 additional shares and now holds a total of 531,481 shares of Texas Instruments Incorporated which is valued at $34,647,246. Texas Instruments Incorporated makes up approx 0.45% of Nisa Investment Advisors’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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