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Is Cypress Semiconductor (CY) Outperforming 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. Has Cypress Semiconductor been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Cypress Semiconductor is one of 638 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. CY is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CY's full-year earnings has moved 4.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, CY has moved about 18.40% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 16.07%. This shows that Cypress Semiconductor is outperforming its peers so far this year.

Looking more specifically, CY belongs to the Semiconductor - Communications industry, a group that includes 5 individual stocks and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 28.51% so far this year, so CY is slightly underperforming its industry in this area.

Investors with an interest in Computer and Technology stocks should continue to track CY. The stock will be looking to continue its solid performance.

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