Texas Instruments Incorporated (TXN) : Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in Texas Instruments Incorporated by 10.17% during the most recent quarter end. The investment management company now holds a total of 21,200 shares of Texas Instruments Incorporated which is valued at $1,480,608 after selling 2,400 shares in Texas Instruments Incorporated , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Texas Instruments Incorporated makes up approximately 0.36% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.
Other Hedge Funds, Including , Washington Trust Co sold out all of its stake in TXN during the most recent quarter. The investment firm sold 3,666 shares of TXN which is valued $256,033. Glassman Wealth Services added TXN to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $63,000. Texas Instruments Incorporated makes up approx 0.05% of Glassman Wealth Services’s portfolio.New Mexico Educational Retirement Board boosted its stake in TXN in the latest quarter, The investment management firm added 4,700 additional shares and now holds a total of 117,004 shares of Texas Instruments Incorporated which is valued at $8,059,236. Texas Instruments Incorporated makes up approx 0.35% of New Mexico Educational Retirement Board’s portfolio.Msi Financial Services Inc boosted its stake in TXN in the latest quarter, The investment management firm added 4,239 additional shares and now holds a total of 14,332 shares of Texas Instruments Incorporated which is valued at $1,021,442. Texas Instruments Incorporated makes up approx 0.04% of Msi Financial Services Inc’s portfolio.
Texas Instruments Incorporated closed down -0.02 points or -0.03% at $69.98 with 47,79,204 shares getting traded on Tuesday. Post opening the session at $70.42, the shares hit an intraday low of $69.93 and an intraday high of $70.54 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. 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 Companys Analog segment includes the following product lines: High Volume Analog & Logic Power Management High Performance Analog and Silicon Valley Analog. The Companys 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.