Is Advantest (ATEYY) Outperforming Other Computer and Technology Stocks This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Advantest Corp. (ATEYY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Advantest Corp. is a member of the Computer and Technology sector. This group includes 611 individual stocks and currently holds a Zacks Sector Rank of #3. 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. Advantest Corp. is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ATEYY's full-year earnings has moved 12.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, ATEYY has moved about 50.4% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 30.3%. This means that Advantest Corp. is performing better than its sector in terms of year-to-date returns.

SK Telecom (SKM) 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 32.5%.

Over the past three months, SK Telecom's consensus EPS estimate for the current year has increased 38.6%. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Advantest Corp. belongs to the Electronics - Measuring Instruments industry, a group that includes 5 individual stocks and currently sits at #38 in the Zacks Industry Rank. On average, this group has gained an average of 43.5% so far this year, meaning that ATEYY is performing better in terms of year-to-date returns.

On the other hand, SK Telecom belongs to the Wireless Non-US industry. This 14-stock industry is currently ranked #73. The industry has moved +54.3% year to date.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Advantest Corp. and SK Telecom as they could maintain their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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