3 Stocks To Buy As The Semiconductor Shortage Persists

Analysts have also been hiking consensus EPS estimates by 44% and 21% over the past 12 months, which is a good indication that its business is gaining momentum. TXN produces its own chips, so it has been less negatively affected than other companies. However, chip sales could increase further if auto production does return to normal in the coming months. 

Analysts expect TXN’s EPS to improve by 21% and revenue to increase by 23% in the next quarter. The company has a streak of topping analysts’ estimates for five straight quarters. Over the last year, TXN has been up 43%. However, it has been consolidating over the past couple of months in a tight range. This circumstance favors an upside breakout in companies with strong and improving fundamentals. 

This strong outlook is reflected in its POWR Ratings. The stock has a B overall rating, which equates to Buy in our proprietary rating system. B-rated stocks have an average annual performance of 17.3%. 

TXN is ranked #33 of 98 stocks in the B-rated Semiconductor & Wireless Chip industry. The industry has a B rating, which is consistent with recent positive developments and the continued chip shortage.

 

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