Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Texas Instruments (TXN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 our Computer and Technology group, which includes 631 different companies and currently sits at #7 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 #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TXN's full-year earnings has moved 7.51% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TXN has gained about 9.92% so far this year. In comparison, Computer and Technology companies have returned an average of 7.67%. As we can see, Texas Instruments is performing better than its sector in the calendar year.
Looking more specifically, TXN belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 23.28% 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.