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Has AXT (AXTI) 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. AXT (AXTI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
AXT is one of 662 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AXT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AXTI's full-year earnings has moved 33.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AXTI has gained about 5.8% so far this year. At the same time, Computer and Technology stocks have lost an average of 21.9%. This shows that AXT is outperforming its peers so far this year.
Bel Fuse (BELFB - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 87.9%.
Over the past three months, Bel Fuse's consensus EPS estimate for the current year has increased 43.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, AXT is a member of the Electronics - Semiconductors industry, which includes 43 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, this group has lost an average of 21.8% so far this year, meaning that AXTI is performing better in terms of year-to-date returns.
On the other hand, Bel Fuse belongs to the Electronics - Miscellaneous Products industry. This 28-stock industry is currently ranked #188. The industry has moved -32.3% year to date.
Investors with an interest in Computer and Technology stocks should continue to track AXT and Bel Fuse. These stocks will be looking to continue their solid performance.
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Has AXT (AXTI) Outpaced Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AXT (AXTI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
AXT is one of 662 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AXT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AXTI's full-year earnings has moved 33.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AXTI has gained about 5.8% so far this year. At the same time, Computer and Technology stocks have lost an average of 21.9%. This shows that AXT is outperforming its peers so far this year.
Bel Fuse (BELFB - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 87.9%.
Over the past three months, Bel Fuse's consensus EPS estimate for the current year has increased 43.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, AXT is a member of the Electronics - Semiconductors industry, which includes 43 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, this group has lost an average of 21.8% so far this year, meaning that AXTI is performing better in terms of year-to-date returns.
On the other hand, Bel Fuse belongs to the Electronics - Miscellaneous Products industry. This 28-stock industry is currently ranked #188. The industry has moved -32.3% year to date.
Investors with an interest in Computer and Technology stocks should continue to track AXT and Bel Fuse. These stocks will be looking to continue their solid performance.