Orleans Capital Management Corp LA purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,211 shares of the semiconductor company’s stock, valued at approximately $377,000.

Other large investors have also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp boosted its stake in Texas Instruments by 0.3% during the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after buying an additional 4 shares in the last quarter. Financial Advisory Service Inc. boosted its stake in Texas Instruments by 0.4% during the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after buying an additional 12 shares in the last quarter. Highland Private Wealth Management boosted its stake in Texas Instruments by 0.8% during the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after buying an additional 25 shares in the last quarter. Hudock Capital Group LLC boosted its stake in Texas Instruments by 1.3% during the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after buying an additional 26 shares in the last quarter. Finally, RB Capital Management LLC boosted its stake in Texas Instruments by 0.6% during the second quarter. RB Capital Management LLC now owns 5,207 shares of the semiconductor company’s stock worth $401,000 after buying an additional 30 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors.

In other news, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the sale, the insider now owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darla H. Whitaker sold 118,799 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.24, for a total value of $11,433,215.76. Following the completion of the sale, the vice president now directly owns 123,993 shares of the company’s stock, valued at approximately $11,933,086.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,362,293 shares of company stock valued at $131,754,396. Insiders own 0.96% of the company’s stock.

Texas Instruments Incorporated (TXN) opened at $100.25 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. Texas Instruments Incorporated has a 12-month low of $72.45 and a 12-month high of $100.54. The stock has a market capitalization of $97,432.52, a P/E ratio of 24.35, a P/E/G ratio of 2.36 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm earned $0.94 EPS. Texas Instruments’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

Texas Instruments announced that its board has authorized a share repurchase plan on Thursday, September 21st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 74% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays lifted their price target on Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $94.16.

WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/orleans-capital-management-corp-la-purchases-new-stake-in-texas-instruments-incorporated-txn/1765352.html.

About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.