When it comes to identifying robust Computer and Technology stocks, it is imperative to seek out companies that are surpassing their competitors. Therefore, the fundamental question arises: has Silicon Motion (NASDAQ: SIMO) been among those stocks this year? Let us briefly analyse the company’s performance this year in comparison to other companies in the Computer and Technology sector.
Being a member of the Computer and Technology group, which comprises 619 distinct companies, Silicon Motion currently holds the remarkable position of #11 in the Zacks Sector Rank. This rank takes into consideration 16 different sector groups and factors in the average Zacks Rank of the individual stocks within those groups.
The Zacks Rank focuses on earnings estimates and revisions to identify stocks with improving earnings outlooks. This system has a strong track record of success, with these stocks typically on track to outperform the market over the next one to three months. As of now, Silicon Motion holds a Zacks Rank of #1 (Strong Buy).
Reviewing the past three months, the Zacks Consensus Estimate for SIMO’s full-year earnings has increased by 5.8%. This indicates a positive shift in analyst sentiment and a brighter earnings outlook for the company.
Thus far this year, Silicon Motion has seen a solid gain of about 36.6%, outperforming the average return of 19.7% for the Computer and Technology sector. This data clearly illustrates that Silicon Motion is surpassing its sector in the current calendar year.
Another significant player in the Computer and Technology sector, Amphenol (NYSE: APH), has also been outperforming the sector with a year-to-date return of 32%.
For Amphenol, the consensus EPS estimate for the current year has risen by 3.7% over the past three months, and it currently holds a Zacks Rank of #2 (Buy).
Upon closer examination, Silicon Motion operates within the Electronics – Semiconductors industry, which includes 41 individual stocks and holds a current position of #158 in the Zacks Industry Rank. Stocks in this group have seen a collective gain of about 16.1% so far this year, further demonstrating Silicon Motion’s superior year-to-date performance within its industry.
On the other hand, Amphenol operates within the Electronics – Connectors industry, which currently consists of 2 stocks and is ranked #19. Since the beginning of the year, this industry has observed a significant increase of +31.2%.
Based on the present data, both Silicon Motion and Amphenol could indeed continue their strong performance. For investors interested in Computer and Technology stocks, closely monitoring these two stocks could prove to be advantageous.
In conclusion, as we continue to navigate the world of stocks and investments, it is crucial to stay informed about the performance of companies within various sectors. Silicon Motion and Amphenol are two key players in the thriving Computer and Technology sector, and their current performance indicates significant promise for the future.
Should you wish to peruse this article further, it can be found on Zacks.com by clicking here.