Is Ichor Holdings (ICHR) Outperforming Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ichor Holdings (ICHR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Ichor Holdings is a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #2. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Ichor Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ICHR's full-year earnings has moved 16.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ICHR has returned 202.6% so far this year. In comparison, Computer and Technology companies have returned an average of 17%. As we can see, Ichor Holdings 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 Monolithic Power (MPWR). The stock is up 30.9% year-to-date.
For Monolithic Power, the consensus EPS estimate for the current year has increased 16% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Ichor Holdings belongs to the Electronics - Semiconductors industry, a group that includes 49 individual stocks and currently sits at #45 in the Zacks Industry Rank. This group has gained an average of 30.3% so far this year, so ICHR is performing better in this area.
In contrast, Monolithic Power falls under the Semiconductor - Analog and Mixed industry. Currently, this industry has 10 stocks and is ranked #23. Since the beginning of the year, the industry has moved +30.3%.
Investors with an interest in Computer and Technology stocks should continue to track Ichor Holdings and Monolithic Power. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).
