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Has Diodes (DIOD) Outpaced Other Computer and Technology Stocks This Year?

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. Has Diodes (DIOD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Diodes is a member of our Computer and Technology group, which includes 626 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. DIOD is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for DIOD's full-year earnings has moved 8.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, DIOD has returned 31.85% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 11.67% on average. This means that Diodes is outperforming the sector as a whole this year.

Looking more specifically, DIOD belongs to the Electronics - Semiconductors industry, which includes 33 individual stocks and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have lost about 2.04% so far this year, so DIOD is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to DIOD as it looks to continue its solid performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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