CIBC Asset Management Inc cut its stake in Texas Instruments Incorporated ( NASDAQ:TXN – Get Rating ) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,262 shares of the semiconductor company's stock after selling 35,852 shares during the period. CIBC Asset Management Inc's holdings in Texas Instruments were worth $50,601,000 at the end of the most recent reporting period. A number of other hedge funds have also modified their holdings of TXN.

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