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Is MKS Instruments (MKSI) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
Updated
Some investors are rotating out of earlier high flying technology stocks into cheap emerging markets.

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is MKS Instruments (MKSI) 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.

MKS Instruments is one of 631 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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

Within the past quarter, the Zacks Consensus Estimate for MKSI's full-year earnings has moved 6.66% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Based on the most recent data, MKSI has returned 21.48% so far this year. At the same time, Computer and Technology stocks have gained an average of 5.57%. This means that MKS Instruments is outperforming the sector as a whole this year.

Breaking things down more, MKSI is a member of the Electronics - Manufacturing Machinery industry, which includes 12 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 13.40% so far this year, so MKSI is performing better in this area.

Investors in the Computer and Technology sector will want to keep a close eye on MKSI as it attempts to continue its solid performance.


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