Marsico Capital Management Has Boosted Its Position in Texas Instrs (TXN) by $3.54 Million; Technology Crossover Management Vii LTD Has Decreased Its Stake in Electronic Arts (EA) as Shares Rose

November 15, 2017 - By Richard Conner

Marsico Capital Management Llc increased its stake in Texas Instrs Inc (TXN) by 10.98% based on its latest 2017Q2 regulatory filing with the SEC. Marsico Capital Management Llc bought 46,578 shares as the company’s stock rose 5.05% with the market. The institutional investor held 470,678 shares of the semiconductors company at the end of 2017Q2, valued at $36.21M, up from 424,100 at the end of the previous reported quarter. Marsico Capital Management Llc who had been investing in Texas Instrs Inc for a number of months, seems to be bullish on the $95.56 billion market cap company. It closed at $96.96 lastly. It is down 40.31% since November 15, 2016 and is uptrending. It has outperformed by 23.61% the S&P500.

Technology Crossover Management Vii Ltd decreased its stake in Electronic Arts Inc. (EA) by 20% based on its latest 2017Q2 regulatory filing with the SEC. Technology Crossover Management Vii Ltd sold 703,807 shares as the company’s stock rose 23.30% with the market. The institutional investor held 2.82 million shares of the prepackaged software company at the end of 2017Q2, valued at $297.63 million, down from 3.52 million at the end of the previous reported quarter. Technology Crossover Management Vii Ltd who had been investing in Electronic Arts Inc. for a number of months, seems to be less bullish one the $34.66B market cap company. It closed at $112.27 lastly. It is down 46.45% since November 15, 2016 and is uptrending. It has outperformed by 29.75% the S&P500.




Marsico Capital Management Llc, which manages about $17.14B and $2.39B US Long portfolio, decreased its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 2,715 shares to 13,425 shares, valued at $12.56M in 2017Q2, according to the filing. It also reduced its holding in Alkermes Plc (NASDAQ:ALKS) by 23,544 shares in the quarter, leaving it with 39,854 shares, and cut its stake in Hdfc Bank Ltd (NYSE:HDB).

Among 36 analysts covering Texas Instruments (NASDAQ:TXN), 18 have Buy rating, 2 Sell and 16 Hold. Therefore 50% are positive. Texas Instruments had 90 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was initiated by Susquehanna with “Positive” on Wednesday, December 21. The rating was maintained by M Partners with “Neutral” on Thursday, January 28. The stock has “Hold” rating by Loop Capital on Tuesday, December 13. The rating was upgraded by Credit Suisse to “Outperform” on Monday, January 9. Jefferies maintained Texas Instruments Incorporated (NASDAQ:TXN) on Wednesday, May 31 with “Buy” rating. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, January 25. The rating was maintained by Drexel Hamilton on Wednesday, October 25 with “Buy”. As per Tuesday, July 26, the company rating was maintained by Bernstein. The company was maintained on Tuesday, July 25 by Drexel Hamilton. The rating was maintained by Barclays Capital on Wednesday, October 18 with “Equal-Weight”.

Investors sentiment decreased to 1.1 in Q2 2017. Its down 0.06, from 1.16 in 2017Q1. It is negative, as 43 investors sold TXN shares while 349 reduced holdings. 106 funds opened positions while 324 raised stakes. 778.17 million shares or 5.60% less from 824.35 million shares in 2017Q1 were reported. First Utd Bank has 0.15% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 2,889 shares. Prentiss Smith Company has 0% invested in Texas Instruments Incorporated (NASDAQ:TXN). Northside Ltd stated it has 10.97% of its portfolio in Texas Instruments Incorporated (NASDAQ:TXN). Central Bankshares Communications holds 0.08% or 3,952 shares in its portfolio. State Of New Jersey Common Pension Fund D has 635,000 shares for 0.2% of their portfolio. Public Sector Pension Investment Board accumulated 0.08% or 113,628 shares. 132,712 are held by Ontario Teachers Pension Plan Board. Balasa Dinverno Foltz Lc invested in 0.08% or 6,603 shares. Lombard Odier Asset (Europe) Limited holds 11,617 shares. Pittenger & Anderson Inc, Nebraska-based fund reported 14,850 shares. Tocqueville Asset Mgmt LP holds 8,879 shares. Arizona State Retirement invested in 0.35% or 325,124 shares. Moreover, 1St Source Bancorporation has 0.05% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 7,550 shares. Mechanics Bankshares Department owns 4,400 shares. Mitchell Mcleod Pugh Williams reported 6,785 shares or 0.4% of all its holdings.

More notable recent Texas Instruments Incorporated (NASDAQ:TXN) news were published by: Benzinga.com which released: “The Texas Instruments Bull Thesis Continues To Play Out” on October 25, 2017, also Seekingalpha.com with their article: “Texas Instruments Incorporated (TXN) Q3 2017 Results – Earnings Call Transcript” published on October 25, 2017, Prnewswire.com published: “Texas Instruments board declares quarterly dividend” on October 19, 2017. More interesting news about Texas Instruments Incorporated (NASDAQ:TXN) were released by: Nasdaq.com and their article: “Texas Instruments Incorporated (TXN) Ex-Dividend Date Scheduled for October 30 …” published on October 27, 2017 as well as Prnewswire.com‘s news article titled: “Texas Instruments prices $500 million of investment grade notes” with publication date: October 26, 2017.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Finance.Yahoo.com which released: “Electronic Arts Inc. (EA) Q2 Earnings Top Estimates, Stock Falls” on October 31, 2017, also Moodys.com with their article: “Moody’s says Electronic Arts, Inc.’s (Baa2) acquisition of Respawn …” published on November 10, 2017, Bloomberg.com published: “Electronic Arts’ CEO Imagines a Year Without a New Madden Game” on November 08, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “Electronic Arts Inc. Stock Will Rise Higher From New Battlefront Game” published on October 30, 2017 as well as Investorplace.com‘s news article titled: “Here’s Why Electronic Arts Inc. Stock (and 2 Peers) Are Growth-Stock Buys” with publication date: November 15, 2017.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.10 earnings per share, down 14.29% or $0.35 from last year’s $2.45 per share. EA’s profit will be $648.31M for 13.37 P/E if the $2.10 EPS becomes a reality. After $0.50 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 320.00% EPS growth.

Since May 17, 2017, it had 0 insider buys, and 11 insider sales for $25.29 million activity. Shares for $11.13M were sold by Wilson Andrew on Friday, June 16. The insider LINZNER JOEL sold 4,000 shares worth $457,155. Shares for $754,375 were sold by HOAG JAY C. 2,200 shares were sold by Schatz Jacob J., worth $235,884. Shares for $108,844 were sold by Warren Denise on Tuesday, May 23. Jorgensen Blake J sold $1.08 million worth of stock.

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