Are Computer and Technology Stocks Lagging Advanced Energy Industries (AEIS) 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 Advanced Energy Industries (AEIS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Advanced Energy Industries is one of 612 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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 11.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, AEIS has gained about 31% so far this year. At the same time, Computer and Technology stocks have gained an average of 10.6%. As we can see, Advanced Energy Industries is performing better than its sector in the calendar year.

One other Computer and Technology stock that has outperformed the sector so far this year is Amkor Technology (AMKR). The stock is up 22.2% year-to-date.

Over the past three months, Amkor Technology's consensus EPS estimate for the current year has increased 25.6%. The stock currently has a Zacks Rank #1 (Strong 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 #1 in the Zacks Industry Rank. On average, stocks in this group have gained 53.9% this year, meaning that AEIS is slightly underperforming its industry in terms of year-to-date returns.

On the other hand, Amkor Technology belongs to the Electronics - Semiconductors industry. This 50-stock industry is currently ranked #47. The industry has moved +25.1% year to date.

Investors interested in the Computer and Technology sector may want to keep a close eye on Advanced Energy Industries and Amkor Technology as they attempt to continue their solid performance.

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

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