Charter Trust Co Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Charter Trust Co reduced its stake in Texas Instruments Incorporated by 2.32% during the most recent quarter end. The investment management company now holds a total of 26,283 shares of Texas Instruments Incorporated which is valued at $1,800,123 after selling 623 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Texas Instruments Incorporated makes up approximately 0.21% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in TXN in the latest quarter, The investment management firm added 53,182 additional shares and now holds a total of 676,594 shares of Texas Instruments Incorporated which is valued at $46,339,923. Texas Instruments Incorporated makes up approx 0.38% of National Pension Service’s portfolio.Forte Capital Adv reduced its stake in TXN by selling 800 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 12,192 shares of TXN which is valued at $826,252. Texas Instruments Incorporated makes up approx 0.32% of Forte Capital Adv’s portfolio.Patten Patten Inctn boosted its stake in TXN in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 4,626 shares of Texas Instruments Incorporated which is valued at $318,084. Texas Instruments Incorporated makes up approx 0.04% of Patten Patten Inctn’s portfolio.Legacy Private Trust reduced its stake in TXN by selling 1,190 shares or 9.39% in the most recent quarter. The Hedge Fund company now holds 11,480 shares of TXN which is valued at $789,365. Texas Instruments Incorporated makes up approx 0.11% of Legacy Private Trust’s portfolio.

Texas Instruments Incorporated opened for trading at $68.27 and hit $69.22 on the upside on Friday, eventually ending the session at $68.49, with a gain of 1.06% or 0.72 points. The heightened volatility saw the trading volume jump to 43,29,253 shares. Company has a market cap of $68,710 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. 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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