Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Tybourne Capital Management HK Ltd.

Tybourne Capital Management HK Ltd. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 53.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 112,487 shares of the semiconductor company’s stock after selling 130,238 shares during the period. Texas Instruments accounts for about 5.3% of Tybourne Capital Management HK Ltd.’s portfolio, making the stock its 8th biggest position. Tybourne Capital Management HK Ltd.’s holdings in Texas Instruments were worth $21,092,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Texas Bank & Trust Co acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $2,860,000. TrinityPoint Wealth LLC grew its position in shares of Texas Instruments by 130.0% during the 4th quarter. TrinityPoint Wealth LLC now owns 15,155 shares of the semiconductor company’s stock worth $2,842,000 after buying an additional 8,565 shares during the period. Tang Capital Management LLC grew its position in shares of Texas Instruments by 56.3% during the 4th quarter. Tang Capital Management LLC now owns 6,568 shares of the semiconductor company’s stock worth $1,232,000 after buying an additional 2,366 shares during the period. Steadfast Capital Management LP grew its position in shares of Texas Instruments by 53.5% during the 4th quarter. Steadfast Capital Management LP now owns 512,300 shares of the semiconductor company’s stock worth $96,061,000 after buying an additional 178,500 shares during the period. Finally, Scientech Research LLC grew its position in shares of Texas Instruments by 111.8% during the 4th quarter. Scientech Research LLC now owns 5,743 shares of the semiconductor company’s stock worth $1,077,000 after buying an additional 3,032 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $188.50 on Monday. The company’s fifty day simple moving average is $167.29 and its 200-day simple moving average is $184.29. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $171.25 billion, a PE ratio of 36.32, 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.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is presently 103.23%.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’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 in the company, valued at approximately $80,872,804.41. This represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,065 shares of company stock valued at $59,734,685 over the last 90 days. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXN. Citigroup reduced their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. KeyCorp reduced their price objective on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Argus raised shares of Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Cantor Fitzgerald reduced their price objective on shares of 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, TD Securities reissued a “hold” rating and set a $160.00 price objective 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 given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $189.41.

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.