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

GF Fund Management CO. LTD. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,017 shares of the semiconductor company's stock after buying an additional 3,132 shares during the period. GF Fund Management CO. LTD.'s holdings in Texas Instruments were worth $31,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock valued at $17,544,800,000 after buying an additional 649,620 shares in the last quarter. Geode Capital Management LLC grew its stake in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter valued at about $2,584,490,000. Alliancebernstein L.P. grew its stake in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after purchasing an additional 822,797 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock valued at $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research analyst reports. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Truist Financial dropped their price target on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Baird R W upgraded Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Summit Insights downgraded Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and an average target price of $191.49.

Texas Instruments Price Performance

TXN stock traded down $0.03 during mid-day trading on Friday, reaching $215.57. 2,561,140 shares of the company's stock were exchanged, compared to its average volume of 6,428,669. The company has a market cap of $195.83 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The stock's 50 day moving average is $188.48 and its 200 day moving average is $183.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given 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 yield of 2.52%. Texas Instruments's dividend payout ratio is currently 103.23%.

Texas Instruments Profile

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.