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Has Cypress Semiconductor (CY) Outpaced Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Cypress Semiconductor (CY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

Cypress Semiconductor is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within 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. CY is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CY's full-year earnings has moved 12.26% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, CY has moved about 13.91% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 9.47%. This shows that Cypress Semiconductor is outperforming its peers so far this year.

Looking more specifically, CY belongs to the Semiconductor - Communications industry, which includes 5 individual stocks and currently sits at #104 in the Zacks Industry Rank. Stocks in this group have gained about 5.06% so far this year, so CY is performing better this group in terms of year-to-date returns.

CY will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.




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