Texas Instruments Inc. (TXN): Today's Featured Technology Winner

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.

Texas Instruments ( TXN) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.1%. By the end of trading, Texas Instruments rose $0.48 (1.0%) to $46.59 on light volume. Throughout the day, 4,573,947 shares of Texas Instruments exchanged hands as compared to its average daily volume of 6,780,500 shares. The stock ranged in a price between $45.54-$46.71 after having opened the day at $45.88 as compared to the previous trading day's close of $46.11. Other companies within the Technology sector that increased today were: China BAK Battery ( CBAK), up 12.0%, SunEdison ( SUNE), up 11.9%, Crossroads Systems ( CRDS), up 11.8% and Varonis Systems ( VRNS), up 11.4%.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates in three segments: Analog, Embedded Processing, and Other. Texas Instruments has a market cap of $49.6 billion and is part of the electronics industry. Shares are up 5.0% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Texas Instruments a buy, 3 analysts rate it a sell, and 17 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 revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Edgewater Technology ( EDGW), down 13.3%, Lexmark International ( LXK), down 11.2%, UBIC ( UBIC), down 10.1% and Castlight Health Inc Class B ( CSLT), down 7.3% , were all laggards within the technology sector with Medidata Solutions ( MDSO) being today's technology sector laggard.

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).

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