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DALLAS, TX – Texas Instruments Incorporated (NASDAQ:TXN), a leader in semiconductor design and manufacturing with a market capitalization of $135 billion, announced the results of its annual stockholders meeting held on April 17, 2025. The company, which InvestingPro data shows has maintained dividend payments for 55 consecutive years and raised them for 21 straight years, concluded its meeting with the election of the Board of Directors and the passing of all proposed resolutions.
Stockholders elected the slate of nominees to the company’s Board of Directors with a majority of votes. The elected directors include Mark Blinn, Todd Bluedorn, Janet Clark, Carrie Cox, Martin Craighead, Reginald DesRoches, Curtis Farmer, Jean Hobby, Haviv Ilan, Ronald Kirk, Pamela Patsley, Robert Sanchez, and Richard Templeton. Each director received a significant number of votes in favor, ranging from 653,589,748 for Carrie Cox to 734,380,183 for Curtis Farmer.
In addition to the election of directors, shareholders voted on several key proposals. The advisory approval of the company’s executive compensation received 648,369,929 votes for and 95,514,709 against, with 1,502,643 abstentions. The proposal to ratify Ernst & Young LLP as the company’s independent registered public accounting firm for 2025 was overwhelmingly approved with 751,675,710 votes for the appointment.
A stockholder proposal to permit a combined 10% of stockholders to call a special meeting was not passed, with 318,057,232 votes for and 425,922,191 votes against the proposal.
The results of the meeting reflect the shareholders’ support for the current board and management’s strategy. The approval of executive compensation and the reappointment of Ernst & Young LLP indicate confidence in the company’s financial oversight and governance practices.
This information is based on a press release statement filed with the Securities and Exchange Commission. The details provided offer a transparent view of the company’s governance and shareholder engagement, which are critical for investor confidence and the market’s understanding of Texas Instruments’ corporate affairs. The company currently trades at a P/E ratio of 28.3 and maintains a healthy dividend yield of 3.66%, demonstrating its commitment to shareholder returns despite recent market challenges that have pushed the stock near its 52-week low.
In other recent news, Texas Instruments reported a 4.1% increase in fourth-quarter revenue compared to Stifel’s estimates, with a slightly optimistic forecast for the first quarter of 2025. Despite this, the company faces challenges in its industrial segment, which experienced a notable year-over-year decline of 600 basis points. The Embedded segment also saw a significant drop in operating margins, decreasing by 964 basis points quarter over quarter. Meanwhile, geopolitical tensions have affected Texas Instruments due to China’s new tariff regulations, which could impact their operations and sales in the Chinese market. The China Semiconductor Industry Association’s notice on chip origins has raised concerns about potential disruptions in the supply chain. On the analyst front, Baird upgraded Texas Instruments to Outperform, citing positive cycle indicators and effective pricing management during the previous upcycle. Stifel, however, adjusted its price target for the company from $200 to $160, maintaining a Hold rating. Investors are closely monitoring these developments amid the complex global landscape affecting the semiconductor industry.
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