Texas Instruments Inc. (TXN): Today's Featured Technology 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 Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.9%. By the end of trading, Texas Instruments fell $0.56 (-1.5%) to $35.91 on average volume. Throughout the day, 7,409,265 shares of Texas Instruments exchanged hands as compared to its average daily volume of 9,393,800 shares. The stock ranged in price between $35.88-$36.41 after having opened the day at $36.08 as compared to the previous trading day's close of $36.47. Other companies within the Technology sector that declined today were: Uni-pixel ( UNXL), down 23.1%, Pixelworks ( PXLW), down 14.5%, Renewable Energy Trade Board ( EBOD), down 12.5% and Palo Alto Networks ( PANW), down 10.8%.
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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 $40.0 billion and is part of the electronics industry. The company has a P/E ratio of 22.4, above the S&P 500 P/E ratio of 17.7. Shares are up 16.8% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Texas Instruments a buy, 5 analysts rate it a sell, and 18 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 stock price during the past year, increase in net income, notable return on equity, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, OmniVision Technologies ( OVTI), down 19.2%, Giga-tronics ( GIGA), down 14.3%, TigerLogic Corporation ( TIGR), down 11.3% and LightPath Technologies ( LPTH), down 10.3% , were all gainers within the technology sector with Splunk ( SPLK) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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