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Is ASML Holding N.V. (ASML) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
·2-min read

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ASML Holding N.V. (ASML) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

ASML Holding N.V. is a member of the Computer and Technology sector. This group includes 623 individual stocks and currently holds a Zacks Sector Rank of #10. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ASML is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ASML's full-year earnings has moved 11.36% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the latest available data, ASML has gained about 28.99% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.96% on average. This means that ASML Holding N.V. is performing better than its sector in terms of year-to-date returns.

Breaking things down more, ASML is a member of the Semiconductor Equipment - Wafer Fabrication industry, which includes 4 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 36.09% this year, meaning that ASML is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on ASML as it attempts to continue its solid performance.


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Zacks Investment Research