Are Texas Instruments Insiders Selling Stock On Privileged Information?
Texas Instruments Incorporated (NASDAQ:TXN) is enjoying rising shares and recently unveiled a new product that is expected to have a major impact on real-time and motor control applications.
However, despite what appears to be a positive period for the company, TI officials,including senior vice president Stephen Anderson, are still selling off hundreds of thousands of dollars in company stock through insider trades.
The new product, the C2000 Piccolo TMS320F2802x microcontroller, provides integrated analog hardware on shops that increases overall power efficiency. The product could be a boon for the company, as it also increases system protection. At a time when reliability and security are paramount for control systems, the product is expected to be in high demand.
TI also recently released a new solution that features development software that delivers unrivaled power for enterprise gateway applications.
"Our newest multicore DSPs give gateway developers an all-encompassing solution that meets all of their specialized processing requirements," said Ramesh Kumar, business manager for multicore processors at TI.
But despite these product releases, company officials have sold $545,200 in shares in the last three months. Senior vice president Stephen Anderson sold on July 31 20,000 shares valued at $27.26, for a total of $545,200.
Do you think Stephens sold on insider information?
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