April 9, 2024

Is Advantest Corp. (ATEYY) Stock Outpacing Its Computer and Technology Peers This Year?

The Pc and Engineering team has plenty of fantastic stocks, but investors must normally be hunting for companies that are outperforming their friends. Advantest Corp. (ATEYY) is a stock that can surely grab the consideration of numerous traders, but do its modern returns review favorably to the sector as a full? Let’s choose a closer glance at the stock’s calendar year-to-day performance to discover out.

Advantest Corp. is 1 of 647 particular person stocks in the Computer and Technological know-how sector. Collectively, these businesses sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 diverse teams, measuring the common Zacks Rank of the unique shares inside of the sector to gauge the energy of every single team.

The Zacks Rank is a demonstrated method that emphasizes earnings estimates and estimate revisions, highlighting a wide range of stocks that are exhibiting the proper attributes to defeat the marketplace about the up coming a person to 3 months. Advantest Corp. is at present sporting a Zacks Rank of #2 (Obtain).

About the previous three months, the Zacks Consensus Estimate for ATEYY’s entire-yr earnings has moved 1.8{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} larger. This indicates that analyst sentiment is much better and the stock’s earnings outlook is bettering.

Our most recent readily available information exhibits that ATEYY has returned about 26.7{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} considering the fact that the start out of the calendar 12 months. In the meantime, shares in the Pc and Technology team have gained about 25.7{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} on common. This implies that Advantest Corp. is accomplishing greater than its sector in terms of year-to-day returns.

A single other Pc and Technologies inventory that has outperformed the sector so much this 12 months is Alphabet Inc. (GOOG). The stock is up 67.8{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} year-to-day.

In Alphabet Inc.’s scenario, the consensus EPS estimate for the recent year amplified 6.3{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} over the past 3 months. The stock now has a Zacks Rank #1 (Sturdy Buy).

Seeking a lot more precisely, Advantest Corp. belongs to the Electronics – Measuring Devices marketplace, a team that features 4 personal shares and currently sits at #36 in the Zacks Industry Rank. On regular, stocks in this team have gained 52.5{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} this calendar year, that means that ATEYY is a bit underperforming its industry in phrases of calendar year-to-date returns.

Alphabet Inc. having said that, belongs to the Online – Solutions field. At present, this 49-stock field is rated #173. The market has moved +40.7{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} so significantly this year.

Advantest Corp. and Alphabet Inc. could continue their sound efficiency, so traders intrigued in Computer and Technological innovation shares really should continue on to spend close attention to these stocks.

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The views and views expressed herein are the sights and thoughts of the writer and do not essentially replicate these of Nasdaq, Inc.