Has Entegris (ENTG) Outpaced 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. Entegris (ENTG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

Entegris is a member of our Computer and Technology group, which includes 613 different companies and currently sits at #3 in the Zacks Sector Rank. 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 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. Entegris is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ENTG's full-year earnings has moved 8.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, ENTG has moved about 67.5% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 18.5%. As we can see, Entegris is performing better than its sector in the calendar year.

Another stock in the Computer and Technology sector, Arista Networks (ANET), has outperformed the sector so far this year. The stock's year-to-date return is 48.8%.

Over the past three months, Arista Networks' consensus EPS estimate for the current year has increased 13.3%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Entegris is a member of the Electronics - Semiconductors industry, which includes 49 individual companies and currently sits at #45 in the Zacks Industry Rank. On average, stocks in this group have gained 32.1% this year, meaning that ENTG is performing better in terms of year-to-date returns.

On the other hand, Arista Networks belongs to the Internet - Software industry. This 174-stock industry is currently ranked #85. The industry has moved -1.6% year to date.

Investors with an interest in Computer and Technology stocks should continue to track Entegris and Arista Networks. These stocks will be looking to continue their solid performance.

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

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