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Is Lam Research (LRCX) Stock Outpacing Its Computer and Technology Peers This Year?

Investors focused on the Computer and Technology space have likely heard of Lam Research (LRCX), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Lam Research is a member of the Computer and Technology sector. This group includes 605 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LRCX is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for LRCX's full-year earnings has moved 21.08% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that LRCX has returned about 31.66% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 20.84% on average. This shows that Lam Research is outperforming its peers so far this year.

Breaking things down more, LRCX is a member of the Semiconductor Equipment - Wafer Fabrication industry, which includes 4 individual companies and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have gained 22.34% this year, meaning that LRCX is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to LRCX 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.

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