Insider Cluster (2 insiders) ·Filed May 11, 2026

TXN

TEXAS INSTRUMENTS INC
NEUTRAL
Impact 2/10
Horizondays Processed4mo ago
Insider cluster: 2 insiders, $4.0M total
Actionable Insight • Neutral

Insider sales are immaterial relative to TXN's $278.8B market cap and follow a pattern of routine option-exercise-and-sell transactions. No bearish signal. Monitor next earnings for any guidance changes, but this cluster is noise.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
TXN ▼ -6.90% at T+60d
NEUTRAL call ✗ call lost -6.90% · α vs SPY -11.02% · entry $297.62 → $277.09
Entry anchored
May 8, 03:59 PM ET
via exchange tick
T+1d
-1.00%
call -1.00% · α -0.86%
$294.65
settled 5mo ago
T+5d
+0.72%
call +0.72% · α +0.81%
$299.77
settled 5mo ago
T+20d
-3.02%
call -3.02% · α -2.72%
$288.63
settled 4mo ago
T+60d
-6.90%
call -6.90% · α -11.02%
$277.09
settled 8w ago

Price Chart

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Executive Summary

Two TXN insiders — a director and a senior VP — sold a combined $4.04M in open-market shares over a 7-day window. The director also exercised options at $0 and $110.15, with the $0 exercise suggesting a net-share-settled award where shares were sold to cover taxes and the remainder disposed of for cash. The total sales represent ~0.0014% of TXN's $278.8B market cap, well below the 0.1% materiality threshold. These are routine, liquidity-driven sales — not a bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$4.0M
Insiders
2

Key Facts

  • Two insiders sold a total of $4.04M in open-market sales over 7 days
  • Sales represent ~0.0014% of TXN's $278.8B market cap — trivial
  • Director Cox Smith exercised 4,306 shares at $0 (non-cash) and 4,306 shares at $110.15, then sold 8,393 shares at $306.37
  • SVP Leonard sold 4,963 shares at $295.22
  • No insider purchases in the cluster
  • 30-day prior insider activity shows 4 sells totaling $12.4M — consistent pattern of routine sales

Financial Impact

Total insider sales of $4.04M, or ~0.0014% of market cap

insider ownership

Risk Factors

  • No material risk from this insider activity — sales are de minimis
  • Sustained insider selling at higher volumes in future quarters could signal a change in sentiment

Market Snapshot

Exchange
Nasdaq
Sector
Semiconductors & Related Devices
Analyst Consensus
40% bullish (45 analysts)

Investment Themes

Semiconductors

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-TXN-1778798997936
15 reports for TXN
Performance horizon
83% Hit rate 5 of 6 directional calls best @ T+20▲ +8.16%Apr 22, 2026
Filters
Rows
Reports for TXN — sortable, filterable
TypeNow
Jul 22, 2026
10w ago
Press Release
BULLISH ★ 7/10
$284.99 $265.45▼ −6.86%▼ −10.17%$281.31 (−1.29%)
Jul 16, 2026
11w ago
Press Release
BEARISH ★ 6/10
$284.02 $279.58▲ +1.56%▲ +6.01%$281.31 (+0.95%)
Jun 2, 2026
17w ago
8-K
NEUTRAL ★ 3/10
$308.04 $298.41▼ −3.13%▼ −2.00%$281.31 (−8.68%)
May 22, 2026
19w ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$309.46 $332.28▲ +7.38%▲ +7.54%$281.31 (−9.10%)
May 15, 2026
19w ago
Insider Cluster
NEUTRAL ★ 2/10
$299.77 $313.34▲ +4.53%▲ +2.34%$281.31 (−6.16%)
May 11, 2026
20w ago
Insider Cluster
NEUTRAL ★ 2/10
$297.62 $288.63▼ −3.02%▼ −2.72%$281.31 (−5.48%)
Apr 27, 2026
22w ago
Insider Cluster
NEUTRAL ★ 2/10
$269.36 $324.89▲ +20.62%▲ +15.66%$281.31 (+4.44%)
Apr 24, 2026
23w ago
Insider Cluster
NEUTRAL ★ 2/10
$277.06 $298.39▲ +7.70%▲ +3.67%$281.31 (+1.54%)
Apr 24, 2026
23w ago
Insider Cluster
NEUTRAL ★ 3/10
$277.06 $298.39▲ +7.70%▲ +3.67%$281.31 (+1.54%)
Apr 24, 2026
23w ago
Insider Cluster
NEUTRAL ★ 2/10
$277.06 $298.39▲ +7.70%▲ +3.67%$281.31 (+1.54%)
Showing 10 of 15

US Market Status

Market Closed — Opens in 3m

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Report published May 14, 2026