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Has STMicroelectronics N.V. (STM) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors focused on the Computer and Technology space have likely heard of STMicroelectronics N.V. (STM), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

STMicroelectronics N.V. is a member of our Computer and Technology group, which includes 629 different companies and currently sits at #5 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. STM is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for STM's full-year earnings has moved 5.86% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, STM has moved about 73.13% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 28.34%. This shows that STMicroelectronics N.V. is outperforming its peers so far this year.

To break things down more, STM belongs to the Semiconductor - General industry, a group that includes 8 individual companies and currently sits at #164 in the Zacks Industry Rank. On average, this group has gained an average of 34.74% so far this year, meaning that STM is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track STM. The stock will be looking to continue its solid performance.


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