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

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·2 min read
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Investors focused on the Computer and Technology space have likely heard of Teradyne (TER), 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 TER and the rest of the Computer and Technology group's stocks.

Teradyne is one of 615 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. TER is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for TER's full-year earnings has moved 16.08% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, TER has gained about 58.85% so far this year. At the same time, Computer and Technology stocks have gained an average of 31.45%. This shows that Teradyne is outperforming its peers so far this year.

Breaking things down more, TER is a member of the Electronics - Testing Equipment industry, which includes 7 individual companies and currently sits at #210 in the Zacks Industry Rank. On average, this group has gained an average of 23.22% 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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