Marvin & Palmer Associates Trimmed Position in Texas Instruments (TXN) by $3.31 Million; As Franco Nevada (FNV) Shares Rose, Horizon Kinetics Has Raised by $1.07 Million Its Holding

February 24, 2018 - By Richard Conner

Marvin & Palmer Associates Inc decreased its stake in Texas Instruments Inc. (TXN) by 46.27% based on its latest 2017Q3 regulatory filing with the SEC. Marvin & Palmer Associates Inc sold 37,193 shares as the company’s stock rose 5.05% with the market. The hedge fund held 43,187 shares of the semiconductors company at the end of 2017Q3, valued at $3.87M, down from 80,380 at the end of the previous reported quarter. Marvin & Palmer Associates Inc who had been investing in Texas Instruments Inc. for a number of months, seems to be less bullish one the $105.24 billion market cap company. The stock increased 2.99% or $3.11 during the last trading session, reaching $107.04. About 4.94M shares traded. Texas Instruments Incorporated (NASDAQ:TXN) has risen 40.31% since February 24, 2017 and is uptrending. It has outperformed by 23.61% the S&P500.

Murray Stahl increased its stake in Franco Nevada Corp (FNV) by 2.05% based on its latest 2017Q3 regulatory filing with the SEC. Horizon Kinetics Llc bought 13,928 shares as the company’s stock rose 8.53% with the market. The hedge fund run by Murray Stahl held 692,619 shares of the precious metals company at the end of 2017Q3, valued at $53.67 million, up from 678,691 at the end of the previous reported quarter. Horizon Kinetics Llc who had been investing in Franco Nevada Corp for a number of months, seems to be bullish on the $13.62B market cap company. The stock increased 1.70% or $1.23 during the last trading session, reaching $73.4. About 567,685 shares traded. Franco-Nevada Corporation (NYSE:FNV) has risen 12.51% since February 24, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

Horizon Kinetics Llc, which manages about $5.39B and $3.40B US Long portfolio, decreased its stake in Autonation Inc (NYSE:AN) by 34,567 shares to 20,961 shares, valued at $996,000 in 2017Q3, according to the filing. It also reduced its holding in Danaher Corp (NYSE:DHR) by 4,756 shares in the quarter, leaving it with 28,908 shares, and cut its stake in Equity Lifestyle Pptys Inc (NYSE:ELS).

Among 17 analysts covering Franco-Nevada Corp (NYSE:FNV), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Franco-Nevada Corp had 36 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Monday, August 31 to “Hold”. The firm has “Buy” rating by Dundee Securities given on Thursday, December 8. The firm earned “Action List Buy” rating on Thursday, October 8 by TD Securities. The company was maintained on Friday, December 1 by TD Securities. The firm has “Buy” rating by TD Securities given on Thursday, October 19. The firm has “Neutral” rating by Goldman Sachs given on Thursday, February 9. The firm has “Buy” rating given on Tuesday, February 16 by Clarkson Capital. The firm has “Buy” rating given on Wednesday, October 26 by Desjardins Securities. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, February 4. As per Thursday, May 12, the company rating was downgraded by BMO Capital Markets.

Since October 26, 2017, it had 0 insider buys, and 30 sales for $208.19 million activity. $11.97M worth of Texas Instruments Incorporated (NASDAQ:TXN) was sold by ANDERSON STEPHEN A.. Another trade for 43,935 shares valued at $4.81 million was sold by TEMPLETON RICHARD K. RITCHIE KEVIN J sold $4.95M worth of stock. 22,158 shares were sold by CARP DANIEL A, worth $2.13M on Friday, October 27. The insider CRUTCHER BRIAN T sold $25.40 million. Barker Ellen sold $387,722 worth of Texas Instruments Incorporated (NASDAQ:TXN) on Wednesday, January 31.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.02, from 1.1 in 2017Q2. It increased, as 55 investors sold TXN shares while 333 reduced holdings. 104 funds opened positions while 332 raised stakes. 802.74 million shares or 3.16% more from 778.17 million shares in 2017Q2 were reported. Commonwealth Equity Inc invested in 101,905 shares or 0.05% of the stock. Sterling Capital Mngmt Ltd Com stated it has 6,564 shares or 0.01% of all its holdings. Bowling Portfolio Mgmt Limited Liability Com owns 0.64% invested in Texas Instruments Incorporated (NASDAQ:TXN) for 47,706 shares. Uss Limited owns 1.23M shares. Ferguson Wellman Mgmt accumulated 246,499 shares. Ngam LP stated it has 253,203 shares or 0.24% of all its holdings. Pineno Levin And Ford Asset Mngmt has invested 0.14% in Texas Instruments Incorporated (NASDAQ:TXN). Sumitomo Mitsui Tru holds 0.37% or 2.89M shares in its portfolio. Counselors reported 4,735 shares. Wade G W Inc owns 2,400 shares for 0.03% of their portfolio. Global Endowment Mngmt Ltd Partnership accumulated 5,670 shares. Nelson Van Denburg & Campbell Wealth Gru Limited Company reported 91 shares or 0% of all its holdings. Cibc State Bank Usa holds 4,450 shares. E&G Advsr Limited Partnership, Texas-based fund reported 3,590 shares. Horan Advsr Limited Liability Corporation holds 0.05% or 860 shares.

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