Texas Instruments Incorporated (NASDAQ:TXN) Stake Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 835,163 shares of the semiconductor company’s stock after selling 278,244 shares during the period. Mackenzie Financial Corp’s holdings in Texas Instruments were worth $142,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter valued at $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter valued at $26,000. Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the third quarter valued at $25,000. Finally, Riverview Trust Co increased its stake in Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

TXN stock opened at $166.35 on Tuesday. The company has a market capitalization of $151.39 billion, a P/E ratio of 23.56, a PEG ratio of 3.58 and a beta of 1.04. The company has a 50-day simple moving average of $167.76 and a 200 day simple moving average of $161.62. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $2.13 EPS. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. Sell-side analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is 73.65%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 target price on shares of Texas Instruments in a research note on Tuesday, January 23rd. KeyCorp boosted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Cantor Fitzgerald boosted their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Susquehanna reduced their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, TD Cowen boosted their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.68.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

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.