April 25, 2024


Digitally first class

Is Alpha and Omega Semiconductor (AOSL) Outperforming Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Alpha and Omega Semiconductor (AOSL), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AOSL and the rest of the Computer and Technology group’s stocks.

Alpha and Omega Semiconductor is one of 626 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AOSL is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for AOSL’s full-year earnings has moved 24.49% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

According to our latest data, AOSL has moved about 29.69% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 24.86% on a year-to-date basis. This shows that Alpha and Omega Semiconductor is outperforming its peers so far this year.

Breaking things down more, AOSL is a member of the Electronics – Semiconductors industry, which includes 38 individual companies and currently sits at #120 in the Zacks Industry Rank. On average, this group has gained an average of 18.57% so far this year, meaning that AOSL is performing better in terms of year-to-date returns.

AOSL will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.

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