Texas Instruments Incorporated (NASDAQ:TXN) Chairman Richard K. Templeton has sold a significant portion of his holdings in the company, according to a recent SEC filing. The transactions, which took place on April 29 and April 30, 2024, involved the sale of company shares for a total value of over $37 million.
Templeton executed multiple sales at varying prices. On April 29, he sold 34,422 shares at a weighted average price of $177.9108, with individual sale prices ranging from $177.4299 to $178.42. On the same day, another batch of 66,525 shares was sold at an average price of $179.0418, with prices between $178.43 and $179.425. Additionally, 3,053 shares were sold at an average price of $179.5514, with the range being $179.43 to $179.74.
The selling continued on April 30, with 16,577 shares offloaded at an average price of $176.7567, ranging from $176.46 to $177.45. Templeton also sold 56,342 shares at a weighted average price of $177.9438, with sale prices between $177.47 and $178.46. Lastly, 31,081 shares were sold at an average price of $178.7426, with a range from $178.47 to $179.17.
In addition to the sales, Templeton also acquired shares through the exercise of stock options on both days. On each day, he acquired 104,000 shares at a set price of $53.94, totaling an acquisition value of $11,219,520.
Investors monitoring insider transactions may note that these sales and acquisitions are part of the normal course of business for executives managing their personal portfolios. The transactions are documented in the SEC filing and provide transparency into the trading activities of the company's high-level executives.
For further details regarding the specific prices and volumes of shares traded, Texas Instruments has committed to providing a detailed breakout upon request. This level of disclosure allows investors to gain insights into the trading behavior of company insiders.
The SEC filing also notes holdings in trust accounts, including shares held in trusts for the benefit of Templeton's children, where he disclaims beneficial ownership. The reported transactions reflect changes in Templeton's direct holdings, and do not include deferred reporting on shares held in certain benefit accounts eligible for Form 5 submissions.
Investors and stakeholders in Texas Instruments can continue to monitor such filings to stay informed about the financial dealings of the company's executives.
InvestingPro Insights
Amid the recent insider trading activity by Texas Instruments Incorporated's (NASDAQ:TXN) Chairman, Richard K. Templeton, investors may look to broader company metrics to gauge the investment landscape of TXN. With a current market capitalization of $159.48 billion and a Price/Earnings (P/E) ratio of 27.44, Texas Instruments stands as a significant entity in the semiconductor industry. The company's Price to Book (P/B) ratio, as of the last twelve months leading up to Q1 2024, is at a high 9.39, which may suggest a premium valuation compared to industry peers.
Despite a challenging environment indicated by a -13.85% revenue growth rate over the last twelve months, Texas Instruments has maintained a robust Gross Profit Margin of 61.01%. This reflects the company's ability to manage costs effectively amidst revenue pressures. Additionally, the company's Dividend Yield as of the latest data is 2.95%, which is particularly noteworthy given that Texas Instruments has raised its dividend for 20 consecutive years, a testament to its commitment to returning value to shareholders.
InvestingPro Tips highlight that Texas Instruments is a prominent player in its industry and has maintained dividend payments for an impressive 54 consecutive years. Furthermore, analysts have revised their earnings upwards for the upcoming period, signaling potential optimism in the company's financial performance. For investors seeking more comprehensive analysis and tips, there are over 14 additional InvestingPro Tips available at Investing.com/pro/TXN. To access these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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