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Has Teradyne (TER) Outpaced Other Computer and Technology Stocks This Year?

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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Teradyne (TER) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TER and the rest of the Computer and Technology group's stocks.

Teradyne is a member of the Computer and Technology sector. This group includes 605 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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. TER is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for TER's full-year earnings has moved 25.74% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, TER has moved about 32.34% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 22.23%. This means that Teradyne is performing better than its sector in terms of year-to-date returns.

Breaking things down more, TER is a member of the Electronics - Testing Equipment industry, which includes 7 individual companies and currently sits at #128 in the Zacks Industry Rank. On average, this group has gained an average of 6.63% so far this year, meaning that TER is performing better in terms of year-to-date returns.

TER 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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