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Is Advantest (ATEYY) Outperforming 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. Advantest Corp. (ATEYY - 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.
Advantest Corp. is one of 597 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 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. Advantest Corp. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ATEYY's full-year earnings has moved 20.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ATEYY has moved about 40.9% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 7.6%. This means that Advantest Corp. is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Monolithic Power (MPWR - Free Report) . The stock is up 67.9% year-to-date.
The consensus estimate for Monolithic Power's current year EPS has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Advantest Corp. belongs to the Electronics - Measuring Instruments industry, which includes 5 individual stocks and currently sits at #8 in the Zacks Industry Rank. This group has gained an average of 71.6% so far this year, so ATEYY is slightly underperforming its industry in this area.
On the other hand, Monolithic Power belongs to the Semiconductor - Analog and Mixed industry. This 10-stock industry is currently ranked #18. The industry has moved +40.6% year to date.
Investors with an interest in Computer and Technology stocks should continue to track Advantest Corp. and Monolithic Power. These stocks will be looking to continue their solid performance.
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Is Advantest (ATEYY) Outperforming 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. Advantest Corp. (ATEYY - 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.
Advantest Corp. is one of 597 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 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. Advantest Corp. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ATEYY's full-year earnings has moved 20.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ATEYY has moved about 40.9% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 7.6%. This means that Advantest Corp. is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Monolithic Power (MPWR - Free Report) . The stock is up 67.9% year-to-date.
The consensus estimate for Monolithic Power's current year EPS has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Advantest Corp. belongs to the Electronics - Measuring Instruments industry, which includes 5 individual stocks and currently sits at #8 in the Zacks Industry Rank. This group has gained an average of 71.6% so far this year, so ATEYY is slightly underperforming its industry in this area.
On the other hand, Monolithic Power belongs to the Semiconductor - Analog and Mixed industry. This 10-stock industry is currently ranked #18. The industry has moved +40.6% year to date.
Investors with an interest in Computer and Technology stocks should continue to track Advantest Corp. and Monolithic Power. These stocks will be looking to continue their solid performance.