Director Hobby Jean M. sold 21,239 shares of TXN for $4.4M at $205.71; retained 3,488 shares (-85.9% of holdings).
Hobby Jean M., a director at Texas Instruments, executed a substantial sale of 21,239 shares at $205.71 on 2024-08-22, reducing her holdings by 85.9% to just 3,488 shares and realizing $4,369,178.76 in proceeds. This near-complete liquidation occurs in the context of moderate weakness in the broader semiconductor cycle—TXN's annual revenue declined 12.5% in the latest fiscal year, and the stock trades at a P/E of 35.78 while trading at -0.8% from its 52-week high. The sale price of $205.71 sits near the peak of the stock's 52-week range of $140.50–$209.88, and the stock has recovered +4.3% over the prior 90 days. A director divesting 85.9% of her shareholding in a company with contracting revenues and elevated multiples warrants investor attention to the timing and her forward-conviction posture, especially given her sparse trading history of 2 prior sells across all tickers.