Texas Instruments (NASDAQ:TXN) Price Target Raised to $190.00 at Wells Fargo & Company

Texas Instruments (NASDAQ:TXN) had its target price hoisted by Wells Fargo & Company from $175.00 to $190.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on TXN. Stifel Nicolaus reduced their target price on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Morgan Stanley restated an “underweight” rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a research note on Thursday, April 24th. Citigroup upped their price target on Texas Instruments from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Sanford C. Bernstein upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Finally, KeyCorp cut their price target on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $191.91.

Texas Instruments Stock Up 0.3%

TXN stock opened at $198.35 on Monday. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The business’s 50 day moving average price is $175.12 and its two-hundred day moving average price is $182.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The company has a market capitalization of $180.20 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were paid a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.74%. Texas Instruments’s dividend payout ratio (DPR) is currently 103.23%.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after buying an additional 453,683 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock worth $3,938,274,000 after purchasing an additional 428,356 shares during the period. Geode Capital Management LLC raised its holdings in Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the period. Norges Bank bought a new position in Texas Instruments in the 4th quarter worth $2,584,490,000. Finally, Invesco Ltd. raised its holdings in Texas Instruments by 14.6% in the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.