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Is ACM Research (ACMR) Stock Outpacing Its Computer and Technology Peers This Year?

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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. ACM Research, Inc. (ACMR - 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? 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.

ACM Research, Inc. is a member of our Computer and Technology group, which includes 597 different companies and currently sits at #2 in 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. ACM Research, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ACMR's full-year earnings has moved 20% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, ACMR has moved about 19.1% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of -1.6%. This shows that ACM Research, Inc. is outperforming its peers so far this year.

Another Computer and Technology stock, which has outperformed the sector so far this year, is Amphenol (APH - Free Report) . The stock has returned 1.9% year-to-date.

Over the past three months, Amphenol's consensus EPS estimate for the current year has increased 10.7%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, ACM Research, Inc. belongs to the Semiconductor Equipment - Material Services industry, which includes 1 individual stocks and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 23.2% this year, meaning that ACMR is slightly underperforming its industry in terms of year-to-date returns.

On the other hand, Amphenol belongs to the Electronics - Connectors industry. This 2-stock industry is currently ranked #96. The industry has moved +1.9% year to date.

Investors interested in the Computer and Technology sector may want to keep a close eye on ACM Research, Inc. and Amphenol as they attempt to continue their solid performance.

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