Is AAC Technologies (AACAY) Stock Outpacing Its Computer and Technology Peers This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is AAC Technologies Holdings Inc. (AACAY) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.AAC Technologies Holdings Inc. is one of 606 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 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 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. AAC Technologies Holdings Inc. is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for AACAY's full-year earnings has moved 10.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that AACAY has returned about 22.3% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 22.1% on a year-to-date basis. This means that AAC Technologies Holdings Inc. is performing better than its sector in terms of year-to-date returns.Another stock in the Computer and Technology sector, Astera Labs, Inc. (ALAB), has outperformed the sector so far this year. The stock's year-to-date return is 47.8%.In Astera Labs, Inc.'s case, the consensus EPS estimate for the current year increased 67.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, AAC Technologies Holdings Inc. belongs to the Electronics - Miscellaneous Components industry, which includes 24 individual stocks and currently sits at #31 in the Zacks Industry Rank. On average, stocks in this group have gained 38.6% this year, meaning that AACAY is slightly underperforming its industry in terms of year-to-date returns. Astera Labs, Inc., however, belongs to the Internet - Software industry. Currently, this 169-stock industry is ranked #59. The industry has moved +20.8% so far this year.AAC Technologies Holdings Inc. and Astera Labs, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AAC Technologies Holdings Inc. (AACAY): Free Stock Analysis Report Astera Labs, Inc. (ALAB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks