Why the Market Dipped But Texas Instruments (TXN) Gained Today

The most recent trading session ended with Texas Instruments (TXN) standing at $184.55, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 1.12%. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq decreased by 2.04%.Coming into today, shares of the chipmaker had lost 8.01% in the past month. In that same time, the Computer and Technology sector lost 4.05%, while the S&P 500 lost 2.91%.Analysts and investors alike will be keeping a close eye on the performance of Texas Instruments in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.06, indicating a 11.67% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.91 billion, up 6.74% from the year-ago period.For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.35 per share and a revenue of $17.05 billion, signifying shifts of +2.88% and +9%, respectively, from the last year.Investors should also take note of any recent adjustments to analyst estimates for Texas Instruments. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Texas Instruments boasts a Zacks Rank of #4 (Sell).Investors should also note Texas Instruments's current valuation metrics, including its Forward P/E ratio of 34.4. This denotes a premium relative to the industry's average Forward P/E of 28.37.It is also worth noting that TXN currently has a PEG ratio of 2.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - General industry currently had an average PEG ratio of 2.03 as of yesterday's close.The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 33% of all industries, numbering over 250.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Texas Instruments Incorporated (TXN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks