Better Buy: Impinj vs. Texas Instruments
The Internet of Things (IoT), which connects myriad devices to each other and the cloud, could link up to 41.6 billion devices by 2025, according to IDC. Two component makers that could benefit from that market's growth are Impinj (NASDAQ: PI) and Texas Instruments (NASDAQ: TXN).
Impinj produces radio-frequency identification (RFID) chips, readers, and software that gather large amounts of data from tagged objects. Texas Instruments produces various analog, embedded, and other chips for a wide range of industries. Most of TI's growth comes from the automotive and industrial sectors, which require more chips for connected cars and smart factories.
Impinj's stock surged 130% this year as the company impressed investors with its robust revenue growth and improving profitability. TI's stock only rose about 25% as the chipmaker struggled with macroeconomic issues across most of its key sectors. Let's dig deeper and see if Impinj will continue to outperform TI.
Source Fool.com
