For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is BE Semiconductor Industries NV (BESIY) one of those stocks right now? 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.
BE Semiconductor Industries NV is one of 614 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 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 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. BE Semiconductor Industries NV is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BESIY's full-year earnings has moved 8.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BESIY has moved about 42.1% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 16%. This means that BE Semiconductor Industries NV is performing better than its sector in terms of year-to-date returns.
One other Computer and Technology stock that has outperformed the sector so far this year is ACM Research, Inc. (ACMR). The stock is up 77.2% year-to-date.
The consensus estimate for ACM Research, Inc.'s current year EPS has increased 64.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, BE Semiconductor Industries NV belongs to the Electronics - Manufacturing Machinery industry, a group that includes 6 individual stocks and currently sits at #23 in the Zacks Industry Rank. Stocks in this group have gained about 72.9% so far this year, so BESIY is slightly underperforming its industry this group in terms of year-to-date returns.
ACM Research, Inc., however, belongs to the Semiconductor Equipment - Material Services industry. Currently, this 1-stock industry is ranked #1. The industry has moved +81.2% so far this year.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to BE Semiconductor Industries NV and ACM Research, Inc. as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).