We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is KLA (KLAC) Outperforming 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. KLA (KLAC - 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? Let's take a closer look at the stock's year-to-date performance to find out.
KLA is a member of our Computer and Technology group, which includes 608 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. KLA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for KLAC's full-year earnings has moved 2.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KLAC has gained about 35.9% so far this year. In comparison, Computer and Technology companies have returned an average of 2.4%. This means that KLA is performing better than its sector in terms of year-to-date returns.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Allient (ALNT - Free Report) . The stock has returned 40.2% year-to-date.
Over the past three months, Allient's consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, KLA is a member of the Electronics - Miscellaneous Products industry, which includes 34 individual companies and currently sits at #149 in the Zacks Industry Rank. On average, this group has gained an average of 11.9% so far this year, meaning that KLAC is performing better in terms of year-to-date returns.
Allient, however, belongs to the Electronics - Miscellaneous Components industry. Currently, this 26-stock industry is ranked #92. The industry has moved +6% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on KLA and Allient as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is KLA (KLAC) Outperforming 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. KLA (KLAC - 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? Let's take a closer look at the stock's year-to-date performance to find out.
KLA is a member of our Computer and Technology group, which includes 608 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. KLA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for KLAC's full-year earnings has moved 2.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KLAC has gained about 35.9% so far this year. In comparison, Computer and Technology companies have returned an average of 2.4%. This means that KLA is performing better than its sector in terms of year-to-date returns.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Allient (ALNT - Free Report) . The stock has returned 40.2% year-to-date.
Over the past three months, Allient's consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, KLA is a member of the Electronics - Miscellaneous Products industry, which includes 34 individual companies and currently sits at #149 in the Zacks Industry Rank. On average, this group has gained an average of 11.9% so far this year, meaning that KLAC is performing better in terms of year-to-date returns.
Allient, however, belongs to the Electronics - Miscellaneous Components industry. Currently, this 26-stock industry is ranked #92. The industry has moved +6% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on KLA and Allient as they attempt to continue their solid performance.