Heathbridge Capital Management Ltd. Lowers stake in Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (TXN) : Heathbridge Capital Management Ltd. reduced its stake in Texas Instruments Incorporated by 8.39% during the most recent quarter end. The investment management company now holds a total of 413,000 shares of Texas Instruments Incorporated which is valued at $28,910,000 after selling 37,800 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Texas Instruments Incorporated makes up approximately 7.26% of Heathbridge Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in TXN by selling 76,600 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 2,815,640 shares of TXN which is valued at $193,941,283. Texas Instruments Incorporated makes up approx 0.30% of California Public Employees Retirement System’s portfolio.Exane Derivatives reduced its stake in TXN by selling 156 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 9,381 shares of TXN which is valued at $646,163. Texas Instruments Incorporated makes up approx 0.11% of Exane Derivatives’s portfolio.Canandaigua National Bank Trust Co reduced its stake in TXN by selling 431 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 23,259 shares of TXN which is valued at $1,657,669. Texas Instruments Incorporated makes up approx 0.47% of Canandaigua National Bank Trust Co’s portfolio.Firstmerit Bank N A Trustee boosted its stake in TXN in the latest quarter, The investment management firm added 4,780 additional shares and now holds a total of 71,411 shares of Texas Instruments Incorporated which is valued at $4,608,866. Texas Instruments Incorporated makes up approx 0.36% of Firstmerit Bank N A Trustee’s portfolio.

Texas Instruments Incorporated (TXN) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $69.92 and reached the intraday high at $70.02. The bulls started the profit booking and pushed the shares to intraday low of $69.535. The trading session was marked by a volume range of 59,14,651 shares exchanging hands. The 52-week high of the shares is $72.5801 and the 52-week low is $43.49. The market cap of the company stands at $70,044 M and there are 1,00,32,09,760 shares in public circulation.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *