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

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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 Lattice Semiconductor (LSCC - Free Report) been one of those stocks this year? 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.

Lattice Semiconductor is a member of the Computer and Technology sector. This group includes 649 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Lattice Semiconductor is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for LSCC's full-year earnings has moved 2.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that LSCC has returned about 27.4% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 10.2%. This means that Lattice Semiconductor is outperforming the sector as a whole this year.

Another stock in the Computer and Technology sector, ServiceNow (NOW - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 11.2%.

In ServiceNow's case, the consensus EPS estimate for the current year increased 6.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Lattice Semiconductor belongs to the Electronics - Semiconductors industry, a group that includes 41 individual companies and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 11% so far this year, so LSCC is performing better in this area.

On the other hand, ServiceNow belongs to the Computers - IT Services industry. This 41-stock industry is currently ranked #178. The industry has moved +6.3% year to date.

Investors interested in the Computer and Technology sector may want to keep a close eye on Lattice Semiconductor and ServiceNow as they attempt to continue their solid performance.

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