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Richard Templeton, Chairman of Texas Instruments Inc. (NASDAQ:TXN), recently executed a series of transactions involving the company’s stock. On February 21 and February 24, Templeton sold a total of 159,074 shares, amounting to approximately $39.3 million. The sales were conducted at prices ranging from $201.06 to $204.86 per share. These transactions come as the company, currently valued at $181.93 billion, trades at a P/E ratio of 38.3, suggesting a premium valuation according to InvestingPro analysis.
In addition to these sales, Templeton exercised options to acquire 194,000 shares at a price of $52.93 each, valued at approximately $10.3 million. Following these transactions, Templeton’s direct ownership stands at 409,089 shares. The company maintains strong financial health with a current ratio of 4.12 and has raised its dividend for 21 consecutive years, currently yielding 2.71%.
These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency about the stock dealings of the company’s top executive. For deeper insights into insider trading patterns and comprehensive analysis, including 14 additional ProTips and detailed valuation metrics, explore the full InvestingPro Research Report.
In other recent news, Texas Instruments reported a revenue of $4.00 billion, surpassing Stifel’s estimate of $3.85 billion, primarily driven by the Personal Electronics sector. However, the Industrial and Automotive sectors underperformed, aligning with Stifel’s predictions. Citi analysts maintained a Buy rating with a $235 target, citing confidence in Texas Instruments’ capital expenditure plans and potential for analog inventory replenishment in 2025. Benchmark also reiterated a Buy rating with a $230 target, highlighting Texas Instruments’ strategic advantage of high internal inventory levels to compete for market share.
Truist maintained a Hold rating with a $195 target, noting Texas Instruments’ commitment to a $5 billion annual capital investment through 2026. Stifel, on the other hand, kept a Hold rating with a $200 target, noting the company’s revenue beat but expressing caution due to high valuation and limited near-term catalysts. Analysts from Citi and Benchmark both expressed optimism about Texas Instruments’ growth prospects, with Citi highlighting the company’s position as a top pick in the Analog sector. Despite challenges, including a weaker earnings forecast for the March quarter, Texas Instruments’ strategic initiatives and high capital expenditures are anticipated to support future growth.
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