In the latest trading session, Texas Instruments (TXN) closed at $202.41, outperforming the S&P 500 and the Dow, with the Nasdaq experiencing a significant increase. The chipmaker’s stock has appreciated by 1.29% over the past month. Investors are eagerly awaiting the upcoming earnings disclosure, expecting a decline in EPS and revenue.

Analysts project Texas Instruments to report EPS of $1.36 and revenue of $4.11 billion, reflecting decreases from the prior year. Recent revisions to analyst forecasts can impact stock prices, with positive alterations indicating optimism. The Zacks Rank model, with a current rating of #3 (Hold) for TXN, incorporates estimate changes to offer a practical rating system.

Texas Instruments is trading at a premium compared to its industry with a Forward P/E ratio of 39.09. The company’s PEG ratio of 4.34, higher than the industry average, considers projected earnings growth. The Semiconductor – General industry, part of the Computer and Technology sector, currently ranks in the bottom 21% of all industries. Keep track of these metrics on Zacks.com for further insights.

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Read more at Nasdaq: Texas Instruments (TXN) Outperforms Broader Market: What You Need to Know