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Are Computer and Technology Stocks Lagging Analog Devices (ADI) 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. Is Analog Devices (ADI - Free Report) one of those stocks right now? 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.
Analog Devices is one of 595 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 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. Analog Devices is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ADI's full-year earnings has moved 14.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ADI has moved about 54.7% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 15.3% on average. This means that Analog Devices is outperforming the sector as a whole this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is ASM International NV (ASMIY - Free Report) . The stock has returned 66.3% year-to-date.
In ASM International NV's case, the consensus EPS estimate for the current year increased 36.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Analog Devices belongs to the Semiconductor - Analog and Mixed industry, a group that includes 10 individual companies and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 62.4% so far this year, so ADI is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, ASM International NV falls under the Semiconductor - Communications industry. Currently, this industry has 2 stocks and is ranked #1.
Investors with an interest in Computer and Technology stocks should continue to track Analog Devices and ASM International NV. These stocks will be looking to continue their solid performance.
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Are Computer and Technology Stocks Lagging Analog Devices (ADI) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Analog Devices (ADI - Free Report) one of those stocks right now? 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.
Analog Devices is one of 595 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 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. Analog Devices is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ADI's full-year earnings has moved 14.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ADI has moved about 54.7% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 15.3% on average. This means that Analog Devices is outperforming the sector as a whole this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is ASM International NV (ASMIY - Free Report) . The stock has returned 66.3% year-to-date.
In ASM International NV's case, the consensus EPS estimate for the current year increased 36.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Analog Devices belongs to the Semiconductor - Analog and Mixed industry, a group that includes 10 individual companies and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 62.4% so far this year, so ADI is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, ASM International NV falls under the Semiconductor - Communications industry. Currently, this industry has 2 stocks and is ranked #1.
Investors with an interest in Computer and Technology stocks should continue to track Analog Devices and ASM International NV. These stocks will be looking to continue their solid performance.