Texas Instruments Incorporated (NASDAQ:TXN) is Tybourne Capital Management HK Ltd.’s 8th Largest Position

Tybourne Capital Management HK Ltd. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 53.7% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 5.3% of Tybourne Capital Management HK Ltd.’s investment portfolio, making the stock its 8th biggest holding. Tybourne Capital Management HK Ltd.’s holdings in Texas Instruments were worth $21,092,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Texas Bank & Trust Co acquired a new stake in Texas Instruments during the fourth quarter valued at $2,860,000. TrinityPoint Wealth LLC lifted its holdings 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 valued at $2,842,000 after buying an additional 8,565 shares during the last quarter. Tang Capital Management LLC grew its stake in shares of Texas Instruments by 56.3% in the 4th quarter. Tang Capital Management LLC now owns 6,568 shares of the semiconductor company’s stock valued at $1,232,000 after buying an additional 2,366 shares in the last quarter. Steadfast Capital Management LP raised its position in Texas Instruments by 53.5% during the fourth quarter. Steadfast Capital Management LP now owns 512,300 shares of the semiconductor company’s stock valued at $96,061,000 after acquiring an additional 178,500 shares in the last quarter. Finally, Scientech Research LLC lifted its stake in Texas Instruments by 111.8% in the fourth quarter. Scientech Research LLC now owns 5,743 shares of the semiconductor company’s stock valued at $1,077,000 after acquiring an additional 3,032 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $188.50 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The firm has a fifty day moving average price of $167.29 and a two-hundred day moving average price of $184.29. The company has a market cap of $171.25 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

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

Texas Instruments Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $216.00 price target on shares of Texas Instruments in a research note on Thursday, April 24th. Cantor Fitzgerald dropped their price target 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. DZ Bank upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. UBS Group dropped 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $189.41.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This trade represents a 35.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,065 shares of company stock valued at $59,734,685. Company insiders own 0.57% of the company’s stock.

Texas Instruments Company 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.