Investors focused on the Computer and Technology space have likely heard of Texas Instruments (TXN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Texas Instruments is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TXN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TXN's full-year earnings has moved 7.54% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TXN has moved about 10.76% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.33% on average. This shows that Texas Instruments is outperforming its peers so far this year.
Looking more specifically, TXN belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have gained 17.19% this year, meaning that TXN is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TXN. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Computer and Technology space have likely heard of Texas Instruments (TXN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Texas Instruments is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TXN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TXN's full-year earnings has moved 7.54% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TXN has moved about 10.76% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.33% on average. This shows that Texas Instruments is outperforming its peers so far this year.
Looking more specifically, TXN belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have gained 17.19% this year, meaning that TXN is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TXN. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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