GF Fund Management CO. LTD. Acquires New Position in Texas Instruments Incorporated (NASDAQ:TXN)

GF Fund Management CO. LTD. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm 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 biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blossom Wealth Management raised its stake in Texas Instruments by 5.1% in the fourth quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its stake in Texas Instruments by 1.8% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares in the last quarter. OLD Second National Bank of Aurora grew its stake in Texas Instruments by 11.1% during the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after buying an additional 57 shares in the last quarter. Voya Financial Advisors Inc. grew its stake in Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after buying an additional 58 shares in the last quarter. Finally, Avitas Wealth Management LLC grew its stake in Texas Instruments by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 10,835 shares of the semiconductor company's stock worth $2,032,000 after buying an additional 59 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Up 3.9%

NASDAQ TXN traded up $6.94 during mid-day trading on Tuesday, hitting $183.24. The company's stock had a trading volume of 7,936,877 shares, compared to its average volume of 6,324,316. The company's 50 day simple moving average is $167.86 and its 200 day simple moving average is $183.11. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $166.47 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $1.10 EPS. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.97%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target on the stock in a research note on Monday, April 7th. UBS Group reduced their price target on shares of Texas Instruments from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $189.41.

Insider Buying and Selling

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $80,872,804.41. This trade represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

About Texas Instruments

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.