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Is AVX (AVX) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Newmark Group (NMRK) closed the most recent trading day at $8.36, moving -0.95% from the previous trading session.

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is AVX (AVX) one of those stocks right now? 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.

AVX is a member of the Computer and Technology sector. This group includes 648 individual stocks and currently holds a Zacks Sector Rank of #5. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AVX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for AVX's full-year earnings has moved 9.72% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, AVX has gained about 16.66% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.42% on average. This means that AVX is outperforming the sector as a whole this year.

Breaking things down more, AVX is a member of the Electronics - Miscellaneous Components industry, which includes 32 individual companies and currently sits at #91 in the Zacks Industry Rank. Stocks in this group have gained about 11.54% so far this year, so AVX is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to AVX as it looks to continue its solid performance.


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