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Is Lattice Semiconductor (LSCC) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Lattice Semiconductor (LSCC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

Lattice Semiconductor is a member of our Computer and Technology group, which includes 624 different companies and currently sits at #1 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. LSCC is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for LSCC's full-year earnings has moved 26.98% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, LSCC has returned 27.34% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.71% on average. This shows that Lattice Semiconductor is outperforming its peers so far this year.

Breaking things down more, LSCC is a member of the Electronics - Semiconductors industry, which includes 33 individual companies and currently sits at #86 in the Zacks Industry Rank. Stocks in this group have gained about 7.48% so far this year, so LSCC is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on LSCC as it attempts to continue its solid performance.


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