Why Texas Instruments (TXN) Outpaced the Stock Market Today

Texas Instruments (TXN) closed at $266.54, up 1.82%, outperforming the S&P 500's 0.72% gain. Despite a 3.51% monthly decline, the company maintains a Zacks Rank #2 (Buy) rating. Analysts forecast Q3 EPS of $2.37 (+60.14% YoY) and revenue of $5.91B (+24.69% YoY), with full-year estimates of $8.42 EPS and $21.7B revenue. TXN trades at a Forward P/E of 31.1, below its industry average of 37, with a PEG ratio of 1.03.