We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has ASE Technology Holding Co. (ASX) Outpaced Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ASE Technology Holding Co. (ASX - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ASE Technology Holding Co. is one of 626 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 considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ASX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASX's full-year earnings has moved 33.33% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ASX has returned about 26.03% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 2.77%. As we can see, ASE Technology Holding Co. is performing better than its sector in the calendar year.
Looking more specifically, ASX belongs to the Electronics - Semiconductors industry, which includes 37 individual stocks and currently sits at #65 in the Zacks Industry Rank. This group has lost an average of 0.94% so far this year, so ASX is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track ASX. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has ASE Technology Holding Co. (ASX) Outpaced Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ASE Technology Holding Co. (ASX - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ASE Technology Holding Co. is one of 626 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 considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ASX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASX's full-year earnings has moved 33.33% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ASX has returned about 26.03% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 2.77%. As we can see, ASE Technology Holding Co. is performing better than its sector in the calendar year.
Looking more specifically, ASX belongs to the Electronics - Semiconductors industry, which includes 37 individual stocks and currently sits at #65 in the Zacks Industry Rank. This group has lost an average of 0.94% so far this year, so ASX is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track ASX. The stock will be looking to continue its solid performance.