Gyroscope Capital Management Group Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Gyroscope Capital Management Group reduced its stake in Texas Instruments Incorporated by 3.66% during the most recent quarter end. The investment management company now holds a total of 69,141 shares of Texas Instruments Incorporated which is valued at $4,839,870 after selling 2,627 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Texas Instruments Incorporated makes up approximately 3.79% of Gyroscope Capital Management Group’s portfolio.

Other Hedge Funds, Including , Ardevora Asset Management Llp boosted its stake in TXN in the latest quarter, The investment management firm added 37,200 additional shares and now holds a total of 457,000 shares of Texas Instruments Incorporated which is valued at $31,990,000. Texas Instruments Incorporated makes up approx 1.27% of Ardevora Asset Management Llp’s portfolio.Ridgeworth Capital Management boosted its stake in TXN in the latest quarter, The investment management firm added 166,547 additional shares and now holds a total of 1,492,569 shares of Texas Instruments Incorporated which is valued at $104,703,715. Texas Instruments Incorporated makes up approx 0.90% of Ridgeworth Capital Management’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in TXN in the latest quarter, The investment management firm added 399 additional shares and now holds a total of 1,714,720 shares of Texas Instruments Incorporated which is valued at $118,109,914. Texas Instruments Incorporated makes up approx 0.35% of Mizuho Trust Banking Ltd.’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in TXN in the latest quarter, The investment management firm added 142,980 additional shares and now holds a total of 253,735 shares of Texas Instruments Incorporated which is valued at $16,617,105. Texas Instruments Incorporated makes up approx 0.12% of Robeco Institutional Asset Management B.v.’s portfolio.

Texas Instruments Incorporated opened for trading at $70.19 and hit $70.7 on the upside on Monday, eventually ending the session at $70.33, with a gain of 0.70% or 0.49 points. The heightened volatility saw the trading volume jump to 41,48,801 shares. Company has a market cap of $70,556 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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