Investors focused on the Computer and Technology space have likely heard of Texas Instruments (TXN), but is the stock performing well in comparison to the rest of its sector peers? 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 the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #7. 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).
Within the past quarter, the Zacks Consensus Estimate for TXN's full-year earnings has moved 6.92% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, TXN has returned 6.66% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.47% on average. This shows that Texas Instruments is outperforming its peers so far this year.
To break things down more, TXN belongs to the Semiconductor - General industry, a group that includes 8 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, this group has gained an average of 18.50% 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.
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