Texas Instruments Inc. (TXN): Today's Featured Electronics Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 2.3%. By the end of trading, Texas Instruments fell $0.94 (-2.4%) to $38.25 on average volume. Throughout the day, 9,105,732 shares of Texas Instruments exchanged hands as compared to its average daily volume of 7,470,600 shares. The stock ranged in price between $38.12-$38.81 after having opened the day at $38.81 as compared to the previous trading day's close of $39.19. Other companies within the Electronics industry that declined today were:
(
), down 12.1%,
(
), down 9.8%,
(
TheStreet Recommends
), down 9.0% and
(
), down 8.5%.
Texas Instruments Incorporated engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. The company operates in four segments: Analog, Embedded Processing, Wireless, and Other. Texas Instruments has a market cap of $43.2 billion and is part of the technology sector. Shares are up 26.5% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Texas Instruments a buy, 4 analysts rate it a sell, and 20 rate it a hold.
TheStreet Ratings rates
Texas Instruments
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Texas Instruments Ratings Report.
On the positive front,
(
), up 8.5%,
(
), up 6.2%,
(
), up 6.2% and
Vimicro International Corporation
(
), up 4.1%.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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