Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Amkor Technology (AMKR) been one of those stocks this year? 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.
Amkor Technology is one of 614 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Amkor Technology is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AMKR's full-year earnings has moved 25.6% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AMKR has gained about 49.4% so far this year. In comparison, Computer and Technology companies have returned an average of 19%. This shows that Amkor Technology is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Advanced Energy Industries (AEIS). The stock has returned 57.7% year-to-date.
The consensus estimate for Advanced Energy Industries' current year EPS has increased 24.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Amkor Technology belongs to the Electronics - Semiconductors industry, a group that includes 49 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, this group has gained an average of 34.2% so far this year, meaning that AMKR is performing better in terms of year-to-date returns.
In contrast, Advanced Energy Industries falls under the Semiconductor Equipment - Wafer Fabrication industry. Currently, this industry has 2 stocks and is ranked #9. Since the beginning of the year, the industry has moved +71.4%.
Investors with an interest in Computer and Technology stocks should continue to track Amkor Technology and Advanced Energy Industries. These stocks will be looking to continue their solid performance.
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