Investors focused on the Computer and Technology space have likely heard of Lattice Semiconductor (LSCC - 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.
Lattice Semiconductor is one of 647 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 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. LSCC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LSCC's full-year earnings has moved 3.23% 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, LSCC has moved about 9.39% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 5.92%. This means that Lattice Semiconductor is performing better than its sector in terms of year-to-date returns.
To break things down more, LSCC belongs to the Electronics - Semiconductors industry, a group that includes 38 individual companies and currently sits at #82 in the Zacks Industry Rank. This group has gained an average of 5.44% so far this year, so LSCC is performing better in this area.
LSCC will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.