Texas Instruments Inc. (TXN): Today's Featured Electronics Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Texas Instruments ( TXN) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole was unchanged today. By the end of trading, Texas Instruments fell 47 cents (-1.6%) to $28.32 on average volume. Throughout the day, 12.7 million shares of Texas Instruments exchanged hands as compared to its average daily volume of 9.1 million shares. The stock ranged in price between $28.05-$28.95 after having opened the day at $28.82 as compared to the previous trading day's close of $28.79. Other companies within the Electronics industry that declined today were: Viasystems Group ( VIAS), down 15.8%, JA Solar Holdings Co. ADR ( JASO), down 10.2%, Lime Energy ( LIME), down 9.5%, and Digital Power Corporation ( DPW), down 8%.
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Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. Texas Instruments has a market cap of $32.23 billion and is part of the technology sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Texas Instruments a buy, four analysts rate it a sell, and 20 rate it a hold.

TheStreet Ratings rates Texas Instruments as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, New Energy Systems Group ( NEWN), up 22.5%, OSI Systems ( OSIS), up 16.5%, Oclaro ( OCLR), up 15.2%, and Nationstar Mortgage Holdings ( NSM), up 9.6%, were all gainers within the electronics industry with ASML ( ASML) being today's featured electronics industry leader.

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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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