Texas Instruments (TXN) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Performance - Texas Instruments (TXN) closed at $199.99, reflecting a -1.78% change from the previous session, underperforming the S&P 500's daily loss of 0.88% [1] - Over the past month, TXN shares gained 2.33%, lagging behind the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11% [1] - The upcoming earnings report on July 23, 2024, is projected to show earnings of $1.16 per share, a year-over-year decline of 37.97%, with revenue expected at $3.8 billion, reflecting a 16.15% fall from the same quarter last year [1] Annual Forecast - The Zacks Consensus Estimates for the entire year forecast earnings of $5.13 per share and revenue of $15.74 billion, indicating changes of -27.44% and -10.18% compared to the previous year [2] Analyst Estimates and Valuation - Texas Instruments currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The company has a Forward P/E ratio of 39.7, which is a premium compared to the industry average Forward P/E of 30.1 [3] - TXN's PEG ratio stands at 4.41, significantly higher than the industry average PEG ratio of 2.7 [3] Industry Overview - The Semiconductor - General industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 101, placing it in the top 41% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]