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Is Texas Instruments (TXN) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Texas Instruments (TXN) been one of those stocks this year? 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 638 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics 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 1.34% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the latest available data, TXN has gained about 34.76% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 23.16% on a year-to-date basis. 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, which includes 8 individual stocks and currently sits at #193 in the Zacks Industry Rank. This group has gained an average of 22.11% so far this year, so TXN is performing better in this area.

TXN will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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