Bristol John W & Company INC Decreased Stake in Texas Instrs INC (NASDAQ:TXN) by $4.61 Million as Shares Rose


Bristol John W & Company Inc decreased its stake in Texas Instrs Inc (NASDAQ:TXN) by 4.18% based on its latest 2016Q2 regulatory filing with the SEC. Bristol John W & Company Inc sold 80,936 shares as the company’s stock rose 5.67% with the market. The institutional investor held 1.86 million shares of the semiconductors company at the end of 2016Q2, valued at $106.58 million, down from 1.94 million at the end of the previous reported quarter. Bristol John W & Company Inc who had been investing in Texas Instrs Inc for a number of months, seems to be less bullish one the $68.87B market cap company. The stock is down 0.84% or $0.57 after the negative news, hitting $67.37 per share. About 3.44M shares traded hands. Texas Instruments Incorporated (NASDAQ:TXN) has risen 33.48% since February 8, 2016 and is uptrending. It has outperformed by 16.99% the S&P500.

Bristol John W & Company Inc is a New York-based institutional investor with more than $6.27 billion AUM in March, 2014. Taken from Bristol John W & Company latest Adv, the fund reported to have 21 full and part-time employees. Among which 12 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.01, from 1 in 2016Q1. The ratio dived, as 60 funds sold all TXN shares owned while 299 reduced positions. 57 funds bought stakes while 298 increased positions. They now own 856.58 million shares or 0.73% less from 862.92 million shares in 2016Q1.

Glenview State Bank Trust Dept. holds 3.48% of its portfolio in TXN for 95,982 shares. Campbell Newman Asset Management Inc owns 288,009 shares or 3.29% of their US portfolio. Moreover, Hugh Johnson Advisors Llc has 3.02% invested in the company for 124,400 shares. The Japan-based Mu Investments Co. Ltd. has invested 3.01% in the stock. Seminole Management Co. Inc., a New York-based fund reported 456,615 shares.

Out of 17 analysts covering Texas Instruments (NASDAQ:TXN), 8 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 47% are positive. Texas Instruments has been the topic of 29 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Bernstein upgraded the stock on September 13 to “Outperform” rating. Wedbush maintained the shares of TXN in a report on April 28 with “Outperform” rating. Lastly, BNP Paribas upgraded the stock to “Neutral” rating in an August 4 report.

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The company has a market cap of $68.87 billion. The Firm operates through two divisions: Analog and Embedded Processing. It has a 22.7 P/E ratio. The Company’s Analog segment’s product line includes High Volume Analog & Logic , Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).

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