Texas Instruments (TXN) Gains As The Market Goes Down: What You Need To Know – September 21, 2021


Texas Instruments (TXN Free Report) closed at $ 192.96 in the last trading session, marking a rise of 0.19% from the previous day. The stock topped the S&P 500’s 0.08% daily loss.

Prior to today’s trading, shares of the chipmaker had gained 2.52% over the past month. This exceeded the 0.11% loss of the IT and tech sector and the 1.81% loss of the S&P 500 during this period.

Wall Street will research TXN’s positivity as the date of its next earnings report approaches. In this report, analysts expect TXN to post earnings of $ 2.04 per share. That would mark year-over-year growth of 40.69%. Our most recent consensus estimate projects quarterly revenue of $ 4.65 billion, up 21.73% from the previous year.

Zacks’ full-year consensus estimates for TXN project earnings of $ 7.86 per share and revenue of $ 17.94 billion. These results would represent year-over-year variations of + 31.66% and + 24.05%, respectively.

Investors should also note any recent changes in analyst estimates for TXN. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.

Our research shows that these changes in estimate are directly correlated with short-term stock prices. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.

The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive externally audited outperformance history, with # 1 stocks generating an average annual return of + 25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained stagnant. TXN currently holds a Zacks rank of # 3 (Hold).

In view of its valuation, TXN has a forward P / E ratio of 24.51. For comparison, his sector has an average forward P / E of 23.95, which means TXN is trading at a premium to the group.

Additionally, it should be mentioned that TXN has a PEG ratio of 2.63. 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. The Semiconductor Industry – General currently had an average PEG ratio of 2.74 at yesterday’s close.

The Semiconductor – General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which places it in the top 23% of 250+ industries.

The Zacks Industry Rank includes is ranked from best to worst in terms of the average Zacks Rank of individual companies in each of these industries. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

To follow TXN in future trading sessions, be sure to use Zacks.com.


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