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? Let’s take a closer look at the stock’s year-to-date performance to find out.
Alpha and Omega Semiconductor is a member of our Computer and Technology group, which includes 647 different companies and currently sits at #8 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. AOSL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AOSL’s full-year earnings has moved 24.49% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
According to our latest data, AOSL has moved about 33.38% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.29% on a year-to-date basis. This means that Alpha and Omega Semiconductor is outperforming the sector as a whole this year.
Looking more specifically, AOSL belongs to the Electronics – Semiconductors industry, a group that includes 40 individual stocks and currently sits at #157 in the Zacks Industry Rank. This group has gained an average of 12.68% so far this year, so AOSL is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on AOSL as it attempts to continue its solid performance.
Tech IPOs With Massive Profit Potential
In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.
For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…
If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.
With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.