Texas Instruments (NASDAQ:TXN) PT Set at $190.00 by Wells Fargo & Company

Wells Fargo & Company set a $190.00 price target on Texas Instruments (NASDAQ:TXN - Free Report) in a report published on Monday, MarketBeat Ratings reports. The firm currently has an equal weight rating on the semiconductor company's stock.

TXN has been the topic of a number of other reports. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. KeyCorp cut their price target on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley restated an "underweight" rating and issued a $148.00 target price (up from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price for the company in a report on Monday, April 7th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $190.55.

Texas Instruments Price Performance

Texas Instruments stock traded up $0.66 during midday trading on Monday, reaching $198.35. 3,741,956 shares of the stock traded hands, compared to its average volume of 6,382,902. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $220.39. The stock's fifty day moving average is $175.12 and its 200-day moving average is $182.12. The stock has a market cap of $180.20 billion, a P/E ratio of 37.64, a PEG ratio of 3.22 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period in the prior year, the company earned $1.10 EPS. The business's revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio is presently 103.23%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TXN. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $28,000. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at approximately $28,000. Finally, Copia Wealth Management purchased a new position in Texas Instruments during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 84.99% of the company's stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.