Investors concentrated on the Pc and Technological know-how room have very likely heard of Micron Technological innovation (MU), but is the inventory performing nicely in comparison to the rest of its sector friends? A rapid glance at the company’s 12 months-to-date overall performance in comparison to the relaxation of the Computer system and Technology sector should assistance us solution this query.
Micron Technologies is a single of 632 specific shares in the Computer and Technological know-how sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks in just the groups is calculated, and the sectors are detailed from very best to worst.
The Zacks Rank is a established model that highlights a range of stocks with the suitable qualities to outperform the market over the up coming a person to 3 months. The system emphasizes earnings estimate revisions and favors businesses with strengthening earnings outlooks. MU is at this time sporting a Zacks Rank of #1 (Potent Purchase).
Inside the previous quarter, the Zacks Consensus Estimate for MU’s complete-12 months earnings has moved 48.97% larger. This is a sign of bettering analyst sentiment and a optimistic earnings outlook pattern.
Primarily based on the most recent accessible information, MU has gained about 7.37% so far this yr. In the meantime, the Pc and Technological know-how sector has returned an regular of .38% on a yr-to-date foundation. As we can see, Micron Engineering is doing improved than its sector in the calendar year.
To split items down much more, MU belongs to the Semiconductor Memory marketplace, a group that incorporates 1 unique firms and currently sits at #1 in the Zacks Sector Rank. Shares in this team have gained about 7.37% so far this 12 months, so MU is undertaking on par this team in conditions of yr-to-day returns.
Investors in the Pc and Technologies sector will want to preserve a near eye on MU as it attempts to proceed its solid effectiveness.