Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Cirrus Logic (CRUS) 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? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Cirrus Logic is one of 605 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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. Cirrus Logic is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CRUS' full-year earnings has moved 7.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CRUS has moved about 33.4% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 28.6%. As we can see, Cirrus Logic is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Amkor Technology (AMKR), has outperformed the sector so far this year. The stock's year-to-date return is 29.2%.
For Amkor Technology, the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cirrus Logic belongs to the Electronics - Semiconductors industry, a group that includes 45 individual companies and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 46.7% so far this year, so CRUS is slightly underperforming its industry this group in terms of year-to-date returns. Amkor Technology is also part of the same industry.
Cirrus Logic and Amkor Technology 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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Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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