Forte Capital Adv Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Forte Capital Adv reduced its stake in Texas Instruments Incorporated by 6.16% during the most recent quarter end. The investment management company now holds a total of 12,192 shares of Texas Instruments Incorporated which is valued at $826,252 after selling 800 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Texas Instruments Incorporated makes up approximately 0.32% of Forte Capital Adv’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na added TXN to its portfolio by purchasing 3,517 company shares during the most recent quarter which is valued at $238,347. Texas Instruments Incorporated makes up approx 0.06% of Private Trust Co Na’s portfolio.Legal General Group Plc boosted its stake in TXN in the latest quarter, The investment management firm added 4,149 additional shares and now holds a total of 4,606,746 shares of Texas Instruments Incorporated which is valued at $316,759,855. Texas Instruments Incorporated makes up approx 0.33% of Legal General Group Plc’s portfolio.Hollencrest Securities boosted its stake in TXN in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 5,125 shares of Texas Instruments Incorporated which is valued at $352,395. Texas Instruments Incorporated makes up approx 0.05% of Hollencrest Securities’s portfolio.Summit Financial Wealth Advisors reduced its stake in TXN by selling 2,240 shares or 11.98% in the most recent quarter. The Hedge Fund company now holds 16,453 shares of TXN which is valued at $1,161,582. Texas Instruments Incorporated makes up approx 0.51% of Summit Financial Wealth Advisors’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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