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Despite reduced bank holdings, Texas Instruments reported a strong Q1 with a 22% rise in earnings.
Several banks have reduced their holdings of Texas Instruments (NASDAQ:TXN) stock, with Simmons Bank cutting its position by 40.1% and Bank of New York Mellon Corp by 3.5%.
Despite this, Texas Instruments reported strong Q1 earnings, exceeding expectations with a 22% increase in earnings per share and $4.07 billion in revenue.
The company's stock has a "Hold" consensus rating with a price target of $191.49.
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A pesar de la reducción de las tenencias bancarias, Texas Instruments reportó un fuerte Q1 con un aumento del 22% en las ganancias.