Are Computer and Technology Stocks Lagging Amkor Technology (AMKR) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Amkor Technology (AMKR) 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? 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 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within 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. Amkor Technology is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMKR's full-year earnings has moved 24.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AMKR has gained about 27.4% so far this year. In comparison, Computer and Technology companies have returned an average of 19.9%. This means that Amkor Technology is performing better than its sector in terms of year-to-date returns.
ACM Research, Inc. (ACMR) 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 73.7%.
In ACM Research, Inc.'s case, the consensus EPS estimate for the current year increased 64.7% 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 #44 in the Zacks Industry Rank. On average, this group has gained an average of 30.7% so far this year, meaning that AMKR is slightly underperforming its industry 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 +84% so far this year.
Amkor Technology and ACM Research, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).
