Mackenzie Financial Corp Trims Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Mackenzie Financial Corp reduced its stake in Texas Instruments by **11.5%**, now holding **644,157 shares** valued at approximately **$115.76 million** as of the end of Q1.
• Texas Instruments reported a **net margin of 30.23%** and earnings per share of **$1.41**, surpassing analyst expectations, with a revenue increase of **16.4%** year-over-year.
• The company announced a **quarterly dividend** of **$1.36 per share**, with a **dividend yield of 2.84%**, demonstrating strong returns for shareholders.

Mackenzie Financial Corp decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 644,157 shares of the semiconductor company's stock after selling 83,685 shares during the period. Mackenzie Financial Corp owned 0.07% of Texas Instruments worth $115,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after buying an additional 3,406,386 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after purchasing an additional 2,140,605 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd raised its holdings in shares of Texas Instruments by 1,000.6% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,287,734 shares of the semiconductor company's stock worth $231,406,000 after purchasing an additional 1,170,728 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $0.90 during midday trading on Friday, hitting $180.16. The company's stock had a trading volume of 2,782,663 shares, compared to its average volume of 7,380,865. The business's 50 day simple moving average is $200.47 and its 200 day simple moving average is $185.42. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The company has a market cap of $163.79 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 3.11 and a beta of 1.03. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the firm posted $1.17 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. Texas Instruments's payout ratio is 99.63%.

Wall Street Analyst Weigh In

TXN has been the subject of several recent research reports. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Morgan Stanley reissued an "underweight" rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Summit Insights cut shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. The Goldman Sachs Group started coverage on shares of Texas Instruments in a report on Thursday, July 10th. They set a "buy" rating and a $255.00 target price for the company. Finally, Citigroup restated a "buy" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $212.21.

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.