Texas Instruments Incorporated (TXN) : Wilbanks Smith Thomas Asset Management scooped up 1,113 additional shares in Texas Instruments Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 78,939 shares of Texas Instruments Incorporated which is valued at $5,513,100.Texas Instruments Incorporated makes up approximately 0.55% of Wilbanks Smith Thomas Asset Management’s portfolio.
Other Hedge Funds, Including , Cadence Capital Management reduced its stake in TXN by selling 9,501 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 144,093 shares of TXN which is valued at $9,925,126. Texas Instruments Incorporated makes up approx 0.72% of Cadence Capital Management’s portfolio.Cg Asset Management reduced its stake in TXN by selling 3,150 shares or 14.02% in the most recent quarter. The Hedge Fund company now holds 19,315 shares of TXN which is valued at $1,376,580. Texas Instruments Incorporated makes up approx 0.53% of Cg Asset Management’s portfolio.Patriot Wealth Management reduced its stake in TXN by selling 51,471 shares or 40.93% in the most recent quarter. The Hedge Fund company now holds 74,286 shares of TXN which is valued at $5,294,363. Texas Instruments Incorporated makes up approx 1.01% of Patriot Wealth Management’s portfolio.Newsquare Capital reduced its stake in TXN by selling 52 shares or 11.26% in the most recent quarter. The Hedge Fund company now holds 410 shares of TXN which is valued at $29,221. Texas Instruments Incorporated makes up approx 0.01% of Newsquare Capital’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.