5 Best Technology Stocks That Outperformed in 2022

3. Texas Instruments Incorporated (NASDAQ:TXN)

Year to Date Return as of December 14: -7.75%

Number of Hedge Fund Holders: 59

Texas Instruments Incorporated (NASDAQ:TXN) is a leading semiconductor maker whose shares have declined 7.75% versus the Nasdaq’s decline of 29.44% in 2022.

One reason for the company’s decline could be that analysts expect Texas Instruments Incorporated (NASDAQ:TXN) to earn $9.28 per share in 2022, $7.97 per share in 2023, and $8.60 per share in 2024. Given the lower expected earnings in the next few years, Texas Instruments Incorporated (NASDAQ:TXN) might not be as popular with growth investors as some other quality stocks.

Nevertheless, the company does have many competitive advantages and 59 hedge funds in our database owned shares of Texas Instruments Incorporated (NASDAQ:TXN) at the end of Q3, ranking the stock #3 on our list of 12 Best Technology Stocks That Outperformed in 2022.