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Is ASE Technology (ASX) Stock Outpacing Its Computer and Technology Peers 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. Is ASE Technology Hldg (ASX - Free Report) one of those stocks right now? 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.
ASE Technology Hldg is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. ASE Technology Hldg is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ASX's full-year earnings has moved 8.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ASX has returned about 84.6% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 2.4% on a year-to-date basis. This means that ASE Technology Hldg is outperforming the sector as a whole this year.
Advanced Micro Devices (AMD - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 88.8%.
In Advanced Micro Devices' case, the consensus EPS estimate for the current year increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ASE Technology Hldg is a member of the Electronics - Semiconductors industry, which includes 50 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has lost an average of 5.8% so far this year, meaning that ASX is performing better in terms of year-to-date returns.
Advanced Micro Devices, however, belongs to the Computer - Integrated Systems industry. Currently, this 11-stock industry is ranked #92. The industry has moved +55.6% so far this year.
ASE Technology Hldg and Advanced Micro Devices could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Is ASE Technology (ASX) Stock Outpacing Its Computer and Technology Peers 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. Is ASE Technology Hldg (ASX - Free Report) one of those stocks right now? 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.
ASE Technology Hldg is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. ASE Technology Hldg is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ASX's full-year earnings has moved 8.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ASX has returned about 84.6% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 2.4% on a year-to-date basis. This means that ASE Technology Hldg is outperforming the sector as a whole this year.
Advanced Micro Devices (AMD - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 88.8%.
In Advanced Micro Devices' case, the consensus EPS estimate for the current year increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ASE Technology Hldg is a member of the Electronics - Semiconductors industry, which includes 50 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has lost an average of 5.8% so far this year, meaning that ASX is performing better in terms of year-to-date returns.
Advanced Micro Devices, however, belongs to the Computer - Integrated Systems industry. Currently, this 11-stock industry is ranked #92. The industry has moved +55.6% so far this year.
ASE Technology Hldg and Advanced Micro Devices could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.