Investors focused on the Computer and Technology space have likely heard of ASML Holding N.V. (ASML), but is the stock performing well in comparison to the rest of its sector peers? 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.
ASML Holding N.V. is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #15 in 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 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 three months, the Zacks Consensus Estimate for ASML’s full-year earnings has moved 22.27% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
According to our latest data, ASML has moved about 44.33% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.66% on a year-to-date basis. As we can see, ASML Holding N.V. is performing better than its sector in the calendar year.
Looking more specifically, ASML belongs to the Semiconductor Equipment – Wafer Fabrication industry, which includes 4 individual stocks and currently sits at #65 in the Zacks Industry Rank. Stocks in this group have gained about 43.61% so far this year, so ASML is performing better this group 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.