Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Advanced Energy Industries (AEIS) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Advanced Energy Industries is one of 610 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Advanced Energy Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AEIS' full-year earnings has moved 12.5% 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 AEIS has returned about 53.5% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -1.9%. This shows that Advanced Energy Industries is outperforming its peers so far this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Analog Devices (ADI). The stock is up 27.7% year-to-date.
Over the past three months, Analog Devices' consensus EPS estimate for the current year has increased 8.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual stocks and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 37.6% this year, meaning that AEIS is performing better in terms of year-to-date returns.
In contrast, Analog Devices falls under the Semiconductor - Analog and Mixed industry. Currently, this industry has 10 stocks and is ranked #55. Since the beginning of the year, the industry has moved +25.5%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Advanced Energy Industries and Analog Devices as they attempt to continue their solid performance.
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Advanced Energy Industries, Inc. (AEIS): Free Stock Analysis Report Analog Devices, Inc. (ADI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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