The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ASM International NV (ASMIY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ASM International NV is one of 593 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 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 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. ASM International NV is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ASMIY's full-year earnings has moved 36.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ASMIY has returned 71.6% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 20.5% on a year-to-date basis. This means that ASM International NV is outperforming the sector as a whole this year.
Analog Devices (ADI) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 54.5%.
Over the past three months, Analog Devices' consensus EPS estimate for the current year has increased 10.6%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ASM International NV is a member of the Semiconductor - Communications industry, which includes 2 individual companies and currently sits at #1 in the Zacks Industry Rank.
Analog Devices, however, belongs to the Semiconductor - Analog and Mixed industry. Currently, this 10-stock industry is ranked #6. The industry has moved +69.8% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on ASM International NV and Analog Devices as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).