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Has Entegris (ENTG) Outpaced Other Computer and Technology Stocks This Year?

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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Entegris (ENTG - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Entegris is a member of our Computer and Technology group, which includes 625 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ENTG is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ENTG's full-year earnings has moved 5.99% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, ENTG has moved about 8.70% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 11.35% on average. As we can see, Entegris is performing better than its sector in the calendar year.

Looking more specifically, ENTG belongs to the Electronics - Manufacturing Machinery industry, which includes 12 individual stocks and currently sits at #190 in the Zacks Industry Rank. On average, this group has gained an average of 5.22% so far this year, meaning that ENTG is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to ENTG as it looks to continue its solid performance.


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