GF Fund Management CO. LTD. bought a new position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 172,885 shares of the semiconductor company's stock, valued at approximately $32,418,000. Texas Instruments comprises 0.7% of GF Fund Management CO. LTD.'s holdings, making the stock its 27th largest holding.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TXN. Promus Capital LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments in the fourth quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new position in Texas Instruments in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc purchased a new position in Texas Instruments in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.99% of the company's stock.
Texas Instruments Price Performance
Shares of Texas Instruments stock traded up $0.91 during trading on Wednesday, hitting $184.15. The stock had a trading volume of 5,739,110 shares, compared to its average volume of 6,321,989. The firm has a market cap of $167.30 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $220.39. The business's 50-day moving average is $167.91 and its 200 day moving average is $183.11. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.95%. Texas Instruments's dividend payout ratio (DPR) is currently 103.23%.
Analysts Set New Price Targets
TXN has been the topic of several research analyst reports. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays downgraded Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Cantor Fitzgerald dropped their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $189.41.
Get Our Latest Stock Report on TXN
About Texas Instruments
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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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