Trimtabs Asset Management Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Trimtabs Asset Management reduced its stake in Texas Instruments Incorporated by 16.97% during the most recent quarter end. The investment management company now holds a total of 29,944 shares of Texas Instruments Incorporated which is valued at $2,062,543 after selling 6,121 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Texas Instruments Incorporated makes up approximately 1.28% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in TXN by selling 78,383 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 2,131,960 shares of TXN which is valued at $146,849,405. Texas Instruments Incorporated makes up approx 0.31% of California State Teachers Retirement System’s portfolio.Markston International reduced its stake in TXN by selling 15,613 shares or 21.39% in the most recent quarter. The Hedge Fund company now holds 57,387 shares of TXN which is valued at $4,089,971. Texas Instruments Incorporated makes up approx 0.37% of Markston International’s portfolio.Genesee Valley Trust Co boosted its stake in TXN in the latest quarter, The investment management firm added 3,123 additional shares and now holds a total of 18,705 shares of Texas Instruments Incorporated which is valued at $1,333,105. Texas Instruments Incorporated makes up approx 0.86% of Genesee Valley Trust Co’s portfolio.Sonora Investment Management reduced its stake in TXN by selling 26 shares or 11.5% in the most recent quarter. The Hedge Fund company now holds 200 shares of TXN which is valued at $13,038. Texas Instruments Incorporated makes up approx 0.01% of Sonora Investment Management’s portfolio.Physicians Financial Services boosted its stake in TXN in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 8,013 shares of Texas Instruments Incorporated which is valued at $522,367. Texas Instruments Incorporated makes up approx 0.44% of Physicians Financial Services’s portfolio.

Texas Instruments Incorporated opened for trading at $69.5 and hit $69.71 on the upside on Thursday, eventually ending the session at $69.61, with a gain of 1.06% or 0.73 points. The heightened volatility saw the trading volume jump to 43,82,084 shares. Company has a market cap of $69,904 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. 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 .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 .

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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