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? Let's take a closer look at the stock's year-to-date performance to find out.
Texas Instruments is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, TXN has moved about 8.30% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.40%. This means that Texas Instruments is performing better than its sector in terms of year-to-date returns.
Breaking things down more, TXN is a member of the Semiconductor - General industry, which includes 8 individual companies and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 14.51% so far this year, so TXN is slightly underperforming its industry this group 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.