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? One simple way to answer this question is to take a look at the year-to-date performance of TXN and the rest of the Computer and Technology group's stocks.
Texas Instruments is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 2.80% 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 7.62% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.45%. As we can see, Texas Instruments is performing better than its sector in the calendar year.
Breaking things down more, TXN is a member of the Semiconductor - General industry, which includes 8 individual companies and currently sits at #51 in the Zacks Industry Rank. On average, this group has gained an average of 13.21% so far this year, meaning that TXN is slightly underperforming its industry in terms of year-to-date returns.
TXN will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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? One simple way to answer this question is to take a look at the year-to-date performance of TXN and the rest of the Computer and Technology group's stocks.
Texas Instruments is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 2.80% 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 7.62% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.45%. As we can see, Texas Instruments is performing better than its sector in the calendar year.
Breaking things down more, TXN is a member of the Semiconductor - General industry, which includes 8 individual companies and currently sits at #51 in the Zacks Industry Rank. On average, this group has gained an average of 13.21% so far this year, meaning that TXN is slightly underperforming its industry in terms of year-to-date returns.
TXN will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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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