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Texas Instruments (TXN) Stock Moves -1.04%: What You Should Know
Texas Instruments (TXN - Free Report) closed the most recent trading day at $171.64, moving -1.04% from the previous trading session. This change was narrower than the S&P 500's 1.45% loss on the day. Elsewhere, the Dow lost 1.07%, while the tech-heavy Nasdaq lost 3.06%.
Coming into today, shares of the chipmaker had lost 0.89% in the past month. In that same time, the Computer and Technology sector lost 2.18%, while the S&P 500 lost 3.83%.
Wall Street will be looking for positivity from Texas Instruments as it approaches its next earnings report date. On that day, Texas Instruments is projected to report earnings of $1.76 per share, which would represent a year-over-year decline of 25.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.36 billion, down 11.07% from the year-ago period.
TXN's full-year Zacks Consensus Estimates are calling for earnings of $7.53 per share and revenue of $18.11 billion. These results would represent year-over-year changes of -19.81% and -9.6%, respectively.
Investors should also note any recent changes to analyst estimates for Texas Instruments. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Texas Instruments is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Texas Instruments is holding a Forward P/E ratio of 23.04. This represents a no noticeable deviation compared to its industry's average Forward P/E of 23.04.
Investors should also note that TXN has a PEG ratio of 2.47 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - General was holding an average PEG ratio of 2.73 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.