Pinebridge Investments Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Pinebridge Investments reduced its stake in Texas Instruments Incorporated by 1.62% during the most recent quarter end. The investment management company now holds a total of 357,691 shares of Texas Instruments Incorporated which is valued at $24,981,139 after selling 5,879 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Texas Instruments Incorporated makes up approximately 1.27% of Pinebridge Investments’s portfolio.

Other Hedge Funds, Including , Harris Associates L P reduced its stake in TXN by selling 87,095 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 8,110,695 shares of TXN which is valued at $566,450,939. Texas Instruments Incorporated makes up approx 1.07% of Harris Associates L P’s portfolio.Evercore Wealth Management boosted its stake in TXN in the latest quarter, The investment management firm added 8,291 additional shares and now holds a total of 391,085 shares of Texas Instruments Incorporated which is valued at $26,937,935. Texas Instruments Incorporated makes up approx 1.16% of Evercore Wealth Management’s portfolio. Green Square Capital sold out all of its stake in TXN during the most recent quarter. The investment firm sold 70,862 shares of TXN which is valued $5,050,335.Nordea Investment Management Ab boosted its stake in TXN in the latest quarter, The investment management firm added 808,795 additional shares and now holds a total of 1,274,282 shares of Texas Instruments Incorporated which is valued at $83,401,757. Texas Instruments Incorporated makes up approx 0.24% of Nordea Investment Management Ab’s portfolio.

Texas Instruments Incorporated opened for trading at $70.12 and hit $70.54 on the upside on Friday, eventually ending the session at $70.27, with a gain of 0.20% or 0.14 points. The heightened volatility saw the trading volume jump to 34,81,961 shares. Company has a market cap of $70,496 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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