Mackenzie Financial Corp Boosts Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Mackenzie Financial Corp increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 727,842 shares of the semiconductor company's stock after purchasing an additional 52,389 shares during the quarter. Mackenzie Financial Corp owned approximately 0.08% of Texas Instruments worth $136,478,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Forum Financial Management LP grew its stake in Texas Instruments by 30.2% during the fourth quarter. Forum Financial Management LP now owns 8,570 shares of the semiconductor company's stock worth $1,607,000 after purchasing an additional 1,986 shares during the period. Griffith & Werner Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $493,000. Sunbeam Capital Management LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $135,000. GF Fund Management CO. LTD. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $32,418,000. Finally, Pinney & Scofield Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $69,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TXN shares. Mizuho set a $170.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Truist Financial decreased their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on shares of Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of "Hold" and an average price target of $189.41.

Texas Instruments Stock Performance

TXN traded up $0.91 on Wednesday, hitting $184.15. The company's stock had a trading volume of 5,740,319 shares, compared to its average volume of 6,312,685. The company's 50 day simple moving average is $167.91 and its 200-day simple moving average is $183.11. The firm has a market cap of $167.30 billion, a P/E ratio of 35.48, a price-to-earnings-growth 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. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The company 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%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Analysts forecast 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. Investors of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

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.