Bing Xie

TXN

SENIOR VICE PRESIDENT · TEXAS INSTRUMENTS INC · CIK 0001628198

FILING MIX · LIFETIME44%/56%

BUYS

SELLS

TOTAL VALUE

$15.95M

COMPANIES

ACTIVE SINCE

Jan 2020

HOLDINGS NOW

76,096

AVG SELL PX

$129.81

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Bing Xie, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+0.00%	+4.49%	+3.01%	+1.48%	+1.48%	—
14d	2	+0.00%	+7.41%	+4.28%	+3.13%	+3.13%	—
30d	2	+50.00%	+4.03%	+2.27%	+1.76%	+1.76%	—
60d	2	+50.00%	-5.08%	-8.32%	+3.24%	+3.24%	—
90d	2	+50.00%	+4.57%	-1.54%	+6.11%	+6.11%	—
180d	2	+0.00%	+22.36%	+11.39%	+10.97%	+10.97%	—
1y	2	+0.00%	+44.66%	+27.93%	+16.74%	+16.74%	—
2y	2	+0.00%	+49.36%	+37.26%	+12.10%	+12.10%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

TXN · 76,096 shares · as of Jul 28, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 4 buys / 5 sellsCOVERAGE · 3 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
TXN TEXAS INSTRUMENTS INC	SALE Senior Vice President	20,000	—	—	74,857	Jul 28, 2020	Jul 30, 2020 ↗
TXN TEXAS INSTRUMENTS INC	SALE Senior Vice President	33,800	—	—	0	Jul 28, 2020	Jul 30, 2020 ↗
TXN TEXAS INSTRUMENTS INC	SALE Senior Vice President	53,800	$130.92	$7.04M	42,296	Jul 28, 2020	Jul 30, 2020 ↗
TXN TEXAS INSTRUMENTS INC	PURCHASE Senior Vice President	20,000	$53.94	$1.08M	96,096	Jul 28, 2020	Jul 30, 2020 ↗
TXN TEXAS INSTRUMENTS INC	PURCHASE Senior Vice President	33,800	$44.09	$1.49M	76,096	Jul 28, 2020	Jul 30, 2020 ↗
TXN TEXAS INSTRUMENTS INC	SALEGRANT Gift	486	—	—	42,228	Feb 4, 2020	Feb 4, 2020 ↗
TXN TEXAS INSTRUMENTS INC	SALE Senior Vice President	7,958	$122.33	$973.5K	54,108	Jan 31, 2020	Feb 4, 2020 ↗
TXN TEXAS INSTRUMENTS INC	PURCHASEGRANT Stock grant	8,045	—	—	62,066	Jan 24, 2020	Jan 28, 2020 ↗
TXN TEXAS INSTRUMENTS INC	PURCHASEGRANT Stock grant	41,066	$130.52	$5.36M	41,066	Jan 24, 2020	Jan 28, 2020 ↗

Other insiders · TXN

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About this filer

CIK 0001628198

ROLE

Senior Vice President

PRIMARY

TXN

COMPANIES

ACTIVE SINCE

Jan 2020

MARKETPEEL · /INSIDER/0001628198DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Bing Xie

The morning brief, before the bell.