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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 one of 631 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 15.14% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, TXN has gained about 9.19% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 11.28% on average. This shows that Texas Instruments is outperforming its peers so far this year.
Looking more specifically, TXN belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #86 in the Zacks Industry Rank. On average, this group has gained an average of 16.84% so far this year, meaning that TXN is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to TXN as it looks to continue its solid performance.
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Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
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