IInvestors interested in Computer and Technology stocks should always look to find the best companies in the group. Axcelis Technologies (ACLS) is a stock that is sure to get the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick look at the company’s year-to-date performance compared to the rest of the Computer and Technology sector should help us answer this question.
Axcelis Technologies is a member of the Computer and Technology sector. This group includes 662 individual stocks and currently has a Zacks Sector Rank of #9. The Zacks Sector Ranks include 16 different groups and are listed in order from best to worst in terms of the average Zacks Rank of individual companies within each of these sectors.
The Zacks Rank is a successful stock selection model that highlights earnings estimates and estimated changes. The system highlights a number of different stocks that may be poised to outperform the broader market in the next one to three months. Axcelis Technologies currently sports a Zacks Rank of #1 (Strong Buy).
Over the past quarter, the Zacks Consensus Estimate for ACLS’ full-year earnings rose 0.5% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the latest available data, ACLS has gained about 5.4% so far this year. In comparison, Computer and Technology companies returned an average of -21.6%. This means that Axcelis Technologies is outperforming its sector in terms of year-to-date returns.
Another Computer and Technology stock that has outperformed the sector so far this year is Monolithic Power (MPWR). The stock is up 7.6% year-to-date.
Over the past three months, Monolithic Power’s consensus EPS estimate for the current year has risen 10%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axcelis Technologies belongs to the Electronics – Manufacturing Machinery industry, a group that includes 9 individual stocks and currently sits at #41 on the Zacks Industry Rank. Stocks in this group have lost about 23% so far this year, so ACLS has outperformed this group in terms of year-to-date returns.
On the other hand, Monolithic Power belongs to the Semiconductor – Analog and Mixed industry. This 10-stock industry is currently ranked #37. The industry has moved -8.6% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay attention to Axcelis Technologies and Monolithic Power as they continue their strong performance.
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Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.