Adage Capital Partners GP L.L.C. Sells 44,300 Shares of Texas Instruments Incorporated $TXN

Key Points

• Adage Capital Partners GP L.L.C. reduced its position in Texas Instruments by 6.0%, now holding 694,544 shares valued at $124.81 million.
• Texas Instruments reported earnings of $1.41 per share, surpassing analysts' expectations, and its quarterly revenue increased by 16.4% year-over-year.
• The company declared a quarterly dividend of $1.36 per share, with an annualized dividend yield of 2.7%.

Adage Capital Partners GP L.L.C. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,544 shares of the semiconductor company's stock after selling 44,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.08% of Texas Instruments worth $124,810,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG raised its stake in Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the period. Aptus Capital Advisors LLC raised its stake in Texas Instruments by 81.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 13,926 shares of the semiconductor company's stock valued at $2,611,000 after purchasing an additional 6,245 shares during the period. BLI Banque de Luxembourg Investments acquired a new stake in Texas Instruments during the 4th quarter valued at $2,823,000. Finally, BIP Wealth LLC raised its stake in Texas Instruments by 16.1% during the 4th quarter. BIP Wealth LLC now owns 1,330 shares of the semiconductor company's stock valued at $249,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Up 0.3%

NASDAQ:TXN traded up $0.64 during trading hours on Friday, reaching $187.93. The company's stock had a trading volume of 9,490,637 shares, compared to its average volume of 5,664,583. The company has a market cap of $170.85 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 3.06 and a beta of 1.02. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The business's 50-day moving average is $200.79 and its 200-day moving average is $186.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. Texas Instruments's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Texas Instruments has set its Q3 2025 guidance at 1.360-1.600 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were issued a $1.36 dividend. The ex-dividend date was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.9%. Texas Instruments's dividend payout ratio is currently 99.63%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXN. KeyCorp upped their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen dropped their price objective on shares of Texas Instruments from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Citigroup reiterated a "buy" rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Benchmark upped their price objective on shares of Texas Instruments from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $211.90.

Insider Activity

In related news, VP Ahmad Bahai sold 1,500 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares of the company's stock, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company's stock.

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.