The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. KLA-Tencor (KLAC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of KLAC and the rest of the Computer and Technology group's stocks.
KLA-Tencor is a member of our Computer and Technology group, which includes 633 different companies and currently sits at #7 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. KLAC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for KLAC's full-year earnings has moved 4.58% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, KLAC has returned 75.39% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 19.95% on average. This shows that KLA-Tencor is outperforming its peers so far this year.
To break things down more, KLAC belongs to the Electronics - Miscellaneous Products industry, a group that includes 18 individual companies and currently sits at #30 in the Zacks Industry Rank. This group has gained an average of 37.29% so far this year, so KLAC is performing better in this area.
KLAC 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.