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Is Analog Devices (ADI) Outperforming Other Computer and Technology Stocks 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. Has Analog Devices (ADI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Analog Devices is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #2. 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. Analog Devices is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADI's full-year earnings has moved 13.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ADI has gained about 34.1% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.2% on a year-to-date basis. 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 ACI Worldwide (ACIW - Free Report) . The stock has returned 25.5% year-to-date.
Over the past three months, ACI Worldwide's consensus EPS estimate for the current year has increased 4.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Analog Devices belongs to the Semiconductor - Analog and Mixed industry, which includes 9 individual stocks and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 25.6% so far this year, so ADI is performing better in this area.
On the other hand, ACI Worldwide belongs to the Computer - Software industry. This 21-stock industry is currently ranked #61. The industry has moved -1% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Analog Devices and ACI Worldwide as they could maintain their solid performance.
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Is Analog Devices (ADI) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Analog Devices (ADI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Analog Devices is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #2. 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. Analog Devices is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADI's full-year earnings has moved 13.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ADI has gained about 34.1% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.2% on a year-to-date basis. 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 ACI Worldwide (ACIW - Free Report) . The stock has returned 25.5% year-to-date.
Over the past three months, ACI Worldwide's consensus EPS estimate for the current year has increased 4.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Analog Devices belongs to the Semiconductor - Analog and Mixed industry, which includes 9 individual stocks and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 25.6% so far this year, so ADI is performing better in this area.
On the other hand, ACI Worldwide belongs to the Computer - Software industry. This 21-stock industry is currently ranked #61. The industry has moved -1% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Analog Devices and ACI Worldwide as they could maintain their solid performance.