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Texas Instruments Inc. (NASDAQ:TXN), a $174.46 billion semiconductor giant trading near $191.30, has seen its Chairman Richard K. Templeton execute several transactions involving the company’s common stock. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. On February 25 and 26, Templeton sold shares totaling approximately $38.6 million. The sale prices ranged from $196.55 to $201.86 per share.
In addition to the sales, Templeton acquired shares through the exercise of stock options. On both February 25 and 26, he acquired a total of 97,000 shares each day at a price of $52.93 per share, amounting to a total value of approximately $10.3 million.
These transactions leave Templeton with direct ownership of 409,089 shares following the recent sales and acquisitions.
In other recent news, Texas Instruments reported a revenue of $4.00 billion, surpassing Stifel’s estimate of $3.85 billion, driven by strong performance in the Personal Electronics segment. However, the Industrial and Automotive sectors did not meet expectations, aligning with earlier predictions. Benchmark analysts reaffirmed a Buy rating with a $230 target, noting a mixed outlook for the March quarter with revenue guidance exceeding consensus but a weaker earnings forecast. 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. Truist Securities kept a Hold rating and a $195 target, emphasizing the company’s consistent capital management strategy and ongoing multiyear investment cycle. Stifel analysts also reiterated a Hold rating with a $200 target, highlighting a projected decrease in gross margins due to high inventory levels and depreciation challenges. Despite these challenges, Stifel remains optimistic about potential recovery in the Industrial and Automotive sectors later in the year. Texas Instruments continues to focus on expanding production capabilities, with positive outlooks for unit growth in 2025.
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