Barometer Capital Management Cut Its Texas Instruments (TXN) Holding; 2 Analysts Are Bullish TELUS (TSE:T) Last Week

June 19, 2017 - By Michael Collier

Barometer Capital Management Inc decreased Texas Instruments Inc (TXN) stake by 42.07% reported in 2016Q4 SEC filing. Barometer Capital Management Inc sold 182,150 shares as Texas Instruments Inc (TXN)’s stock rose 5.05%. The Barometer Capital Management Inc holds 250,800 shares with $18.30M value, down from 432,950 last quarter. Texas Instruments Inc now has $79.03 billion valuation. The stock decreased 0.47% or $0.38 on June 16, reaching $79.7. About shares traded. Texas Instruments Incorporated (NASDAQ:TXN) has risen 40.31% since June 19, 2016 and is uptrending. It has outperformed by 23.61% the S&P500.

Among 5 analysts covering Telus (TSE:T), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Telus had 28 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 10 by Canaccord Genuity. The firm has “Sector Perform” rating given on Friday, February 3 by Scotia Capital. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, February 10 report. The firm earned “Hold” rating on Friday, February 12 by Canaccord Genuity. As per Thursday, January 5, the company rating was upgraded by Canaccord Genuity. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, February 10. The rating was maintained by JP Morgan with “Neutral” on Monday, August 10. The stock of TELUS Corporation (TSE:T) earned “Buy” rating by TD Securities on Monday, August 10. See TELUS Corporation (TSE:T) latest ratings:

10/02/2017 Broker: Barclays Capital Rating: Old Target: $48.00 New Target: $50.00 Target Up
10/02/2017 Broker: IBC Rating: Old Target: $44.00 New Target: $45.00 Target Up
10/02/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $44.00 Maintain
10/02/2017 Broker: TD Securities Rating: Old Target: $43.00 New Target: $46.00 Target Up
10/02/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $44.00 Maintain
03/02/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $44.00 Maintain
05/01/2017 Broker: Canaccord Genuity Old Rating: Hold New Rating: Buy Old Target: $45.00 New Target: $47.00 Upgrade

Barometer Capital Management Inc increased Microchip Technology Inc (NASDAQ:MCHP) stake by 62,700 shares to 73,000 valued at $4.68M in 2016Q4. It also upped First Republic Bank (NYSE:FRC) stake by 54,950 shares and now owns 75,700 shares. Royal Bank Of Canada (NYSE:RY) was raised too.

Since January 26, 2017, it had 0 insider buys, and 26 selling transactions for $127.35 million activity. 75,725 shares were sold by TEMPLETON RICHARD K, worth $5.72 million on Tuesday, January 31. Ilan Haviv also sold $3.61 million worth of Texas Instruments Incorporated (NASDAQ:TXN) on Thursday, January 26. RITCHIE KEVIN J also sold $8.70M worth of Texas Instruments Incorporated (NASDAQ:TXN) on Thursday, January 26. MARCH KEVIN P also sold $2.33M worth of Texas Instruments Incorporated (NASDAQ:TXN) on Tuesday, January 31. Another trade for 21,000 shares valued at $1.66M was sold by CARP DANIEL A. Another trade for 45,834 shares valued at $3.47 million was sold by ANDERSON STEPHEN A.. Another trade for 7,000 shares valued at $532,420 was sold by WHITMAN CHRISTINE TODD.

Analysts await Texas Instruments Incorporated (NASDAQ:TXN) to report earnings on July, 24. They expect $0.95 earnings per share, up 25.00% or $0.19 from last year’s $0.76 per share. TXN’s profit will be $942.01 million for 20.97 P/E if the $0.95 EPS becomes a reality. After $0.89 actual earnings per share reported by Texas Instruments Incorporated for the previous quarter, Wall Street now forecasts 6.74% EPS growth.

Investors sentiment increased to 0.95 in 2016 Q4. Its up 0.01, from 0.94 in 2016Q3. It is positive, as 46 investors sold TXN shares while 347 reduced holdings. 94 funds opened positions while 278 raised stakes. 824.05 million shares or 1.27% less from 834.61 million shares in 2016Q3 were reported. The Kentucky-based Mcf Advsr Ltd Liability Com has invested 0.03% in Texas Instruments Incorporated (NASDAQ:TXN). Moreover, Cubist Systematic Strategies Lc has 0.18% invested in Texas Instruments Incorporated (NASDAQ:TXN). M&T Retail Bank has invested 0.09% in Texas Instruments Incorporated (NASDAQ:TXN). Sii Wi holds 4,808 shares. City Holding holds 18,801 shares. Axa stated it has 893,141 shares or 0.31% of all its holdings. Ashmore Wealth Ltd Liability owns 469,522 shares. Regentatlantic Ltd Liability Company, a New Jersey-based fund reported 38,498 shares. The Nevada-based Whittier Trust Of Nevada has invested 0.03% in Texas Instruments Incorporated (NASDAQ:TXN). Westpac Bk holds 0% or 313,902 shares in its portfolio. Nippon Life reported 41,904 shares. Pensionfund Dsm Netherlands stated it has 0.79% in Texas Instruments Incorporated (NASDAQ:TXN). Gam Hldg Ag holds 140,874 shares or 0.18% of its portfolio. Highstreet Asset Management Incorporated has invested 0.38% in Texas Instruments Incorporated (NASDAQ:TXN). Mitsubishi Ufj Holdings Limited invested 0.7% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN).

Among 26 analysts covering Texas Instruments (NASDAQ:TXN), 13 have Buy rating, 2 Sell and 11 Hold. Therefore 50% are positive. Texas Instruments had 54 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, September 9, the company rating was initiated by Sterne Agee CRT. B. Riley & Co downgraded it to “Neutral” rating and $58 target in Thursday, October 22 report. The firm earned “Buy” rating on Wednesday, January 25 by Drexel Hamilton. The firm earned “Market Perform” rating on Thursday, January 28 by Cowen & Co. The company was maintained on Tuesday, May 30 by RBC Capital Markets. The company was maintained on Tuesday, January 12 by RBC Capital Markets. On Friday, June 16 the stock rating was maintained by Raymond James with “Market Perform”. The rating was maintained by Mizuho on Tuesday, January 19 with “Neutral”. CLSA initiated it with “Underperform” rating and $60 target in Tuesday, May 17 report. Bernstein upgraded it to “Outperform” rating and $80 target in Tuesday, September 13 report.

The stock increased 1.04% or $0.47 on June 16, reaching $45.46. About 4.35 million shares traded or 322.33% up from the average. TELUS Corporation (TSE:T) has 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.16 in 2016 Q4. Its up 0.14, from 1.02 in 2016Q3. It increased, as 85 investors sold TELUS Corporation shares while 621 reduced holdings. 115 funds opened positions while 706 raised stakes. 3.26 billion shares or 2.63% more from 3.17 billion shares in 2016Q3 were reported. Edgemoor Inv holds 17,467 shares or 0.11% of its portfolio. Smith Moore & reported 67,858 shares stake. Mondrian Prns has invested 1.3% of its portfolio in TELUS Corporation (TSE:T). Clearbridge Invs holds 9.56M shares. Richard C Young And has 2.54% invested in TELUS Corporation (TSE:T). Moreover, Sky Inv Gp Limited Liability Corporation has 1.76% invested in TELUS Corporation (TSE:T). 251,992 are owned by Investec Asset North America. Godshalk Welsh Cap Mgmt stated it has 0.98% of its portfolio in TELUS Corporation (TSE:T). Mraz Amerine And Assocs Incorporated owns 0.48% invested in TELUS Corporation (TSE:T) for 35,860 shares. Smithfield Trust reported 0.3% stake. First Dallas has invested 2.6% in TELUS Corporation (TSE:T). Cincinnati Ins Co holds 803,000 shares. Glenview State Bank Dept reported 83,854 shares or 1.94% of all its holdings. Lowe Brockenbrough And owns 216,051 shares. Cornerstone Cap Lc holds 0.87% or 2.65M shares in its portfolio.

TELUS Corporation is a telecommunications company. The company has market cap of $27.10 billion. The Firm provides a range of telecommunications services and products, including wireless and wireline voice and data. It has a 21.07 P/E ratio. The Company’s data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud services, and certain healthcare solutions.

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