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Why Texas Instruments Stock Rose 14.8% in 2021

TheMotleyFool

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Why Texas Instruments Stock Rose 14.8% in 2021

Shares of Texas Instruments (NASDAQ: TXN) rose 14.8% in 2021, according to data from S&P Global Market Intelligence. The world's largest producer of analog chips rose amid 2021's chip shortage, but it may be surprising that it didn't finish ahead of the S&P 500 or even its own sector.

Two factors likely caused the relative underperformance: Texas Instruments' status as a fairly defensive stock relative to its peers, along with it being one of the leading culprits behind the global chip shortage, which caused it to miss expectations in its third-quarter earnings report.