During the quarter, Texas Instruments returned around $1.5 billion back to shareholders, and for the last twelve months it was around $6.7 billion. Of the $1.5 billion, around $1.2 billion was paid in dividends and $300 million in share buybacks.

Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 12.3% in the afternoon session after it issued a weaker-than-expected forecast for the third quarter, sparking concerns about future demand for its chips.

Analysts say the tone on the earnings call was “moody” and “appears to have shifted markedly” as executives express more caution.