Texas Instruments (TXN) Dips More Than Bigger Markets: What You Need To Know

Texas Instruments (TXN) closed at $ 186.10 in the last trading session, marking a movement of -0.5% from the previous day. This move is lower than the S&P 500’s 0.11% daily loss.

Prior to today’s session, shares of the chipmaker had lost 0.88% over the past month. This was less than the 7.15% gain of the IT and tech sector and the 2.23% gain of the S&P 500 during this period.

Wall Street will research TXN’s positivity as the date of its next earnings report approaches. On that day, TXN is expected to report earnings of $ 1.81 per share, which would represent year-over-year growth of 22.3%. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 4.32 billion, up 33.32% from the previous year.

Zacks’ consensus estimates for TXN’s full year project earnings of $ 7.39 per share and revenue of $ 17.4 billion. These results would represent year-over-year variations of + 23.79% and + 20.3%, respectively.

It’s also important to note the recent changes to analyst estimates for TXN. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

Zacks’ ranking system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable track record of externally verified success, with the No.1 stocks generating an average annual return of + 25% since 1988. Over the past month, Zacks Consensus’s EPS estimate has risen by 0. 44%. TXN is currently a Zacks Rank # 2 (Buy).

In view of its valuation, TXN has a forward P / E ratio of 25.31. This valuation marks a premium over the sector’s average forward P / E of 21.76.

Additionally, it should be mentioned that TXN has a PEG ratio of 2.71. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected profit growth rate of the company. TXN’s industry had an average PEG ratio of 2.71 at yesterday’s close.

The Semiconductor – General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, placing it in the top 28% of all 250+ industries.

The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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Texas Instruments Incorporated (TXN): Free Stock Analysis Report

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