Tybourne Capital Management HK Ltd. Sells 55,224 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Tybourne Capital Management HK Ltd. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 242,725 shares of the semiconductor company's stock after selling 55,224 shares during the period. Texas Instruments accounts for about 14.1% of Tybourne Capital Management HK Ltd.'s investment portfolio, making the stock its largest position. Tybourne Capital Management HK Ltd.'s holdings in Texas Instruments were worth $50,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in Texas Instruments in the 3rd quarter worth approximately $28,000. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Texas Instruments in the third quarter worth $39,000. McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments during the third quarter worth $43,000. Finally, Darwin Wealth Management LLC purchased a new position in Texas Instruments during the third quarter valued at $45,000. Institutional investors own 84.99% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company's stock.

Texas Instruments Trading Down 0.9 %

Shares of TXN traded down $1.76 during trading hours on Thursday, reaching $199.19. 4,730,481 shares of the company traded hands, compared to its average volume of 5,561,799. The stock's fifty day moving average price is $204.50 and its 200 day moving average price is $200.70. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market cap of $181.71 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 4.44 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. Sell-side analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.73%. The ex-dividend date was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Bank of America cut their price target on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $200.00 to $235.00 in a report on Wednesday, August 21st. Summit Insights raised shares of Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $210.05.

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.