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Insider Selling: TEMPLETON RICHARD K, Texas Instruments Inc. [TXN] Chairman divested 100,440 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Texas Instruments Inc. shares valued at $17,925,682 were sold by TEMPLETON RICHARD K on May 03 ’24. At $178.47 per share, TEMPLETON RICHARD K sold 100,440 shares. The insider’s holdings dropped to 403,851 shares worth approximately $80.34 million following the completion of this transaction.

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Also, TEMPLETON RICHARD K sold 104,000 shares, netting a total of over 18,246,007 in proceeds. Following the sale of shares at $175.44 each, the insider now holds 403,851 shares.

Before that, TEMPLETON RICHARD K had sold 104,000 shares from its account. In a trade valued at $18,286,283, the Chairman traded Texas Instruments Inc. shares for $175.83 each. Upon closing the transaction, the insider’s holdings decreased to 104,000 shares, worth approximately $80.34 million.

As published in their initiating research note from Wells Fargo on May 16, 2024, Texas Instruments Inc. [TXN] has been an Underweight and the price target has been revised to $150. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of April 24, 2024, TD Cowen has reiterated its “Hold” rating for TXN. Earlier on April 16, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for TXN stock.

Analyzing TXN Stock Performance

During the last five days, there has been a surge of approximately 3.02%. Over the course of the year, Texas Instruments Inc. shares have jumped approximately 16.71%. Shares of the company reached a 52-week high of $206.00 on 05/28/24 and a 52-week low of $155.46 on 02/13/24. A 50-day SMA is recorded $190.92, while a 200-day SMA reached $168.85. Nevertheless, trading volume fell to 2.45 million shares from 4.17 million shares the previous day.

Support And Resistance Levels for Texas Instruments Inc. (TXN)

According to the 24-hour chart, there is a support level at 196.83, which, if violated, would cause prices to drop to 194.73. In the upper region, resistance lies at 200.31. The next price resistance is at 201.68. RSI (Relative Strength Index) is 61.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.25, which suggests the price will increase in the coming days. Percent R is at 8.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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