Texas Instruments (NYSE:TXN) engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide.
Insider selling during the last 30 days
Here is a table of Texas Instruments' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Richard Templeton||CEO||April 25||500,000||No||1,314,722 shares||27.6%|
|Pamela Patsley||Director||April 25||15,000||No||23,293 shares||39.2%|
|Brian Crutcher||SVP||April 25||100,000||No||452,144 shares + 200,000 options||13.3%|
There have been 615,000 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Texas Instruments' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 6,005,737 shares sold, and there have been zero shares purchased by insiders since January 2013.
Texas Instruments reported the first-quarter financial results on April 23 with the following highlights:
|Net income||$487 million|
The three insiders sold their shares after these results.
Texas Instruments' guidance for the second quarter is as follows:
|Qtrly Rev Growth (yoy):||0.02||0.10||-0.07|
|PEG (5 yr expected):||1.91||1.00||7.39|
Texas Instruments has the second-highest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Qualcomm has also seen intensive insider selling during the last 30 days.
There have been three different insiders selling Texas Instruments, and there have not been any insider buying Texas Instruments during the last 30 days. All three of these insiders decreased their holdings by more than 10%. Texas Instruments has an insider ownership of 0.06%.
Before going short Texas Instruments, I would like to get a bearish confirmation from the Point & Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.