Is Analog Devices (ADI) Stock Outpacing Its Computer and Technology Peers This Year?

Group 1 - Analog Devices (ADI) is part of the Computer and Technology sector, which includes 605 companies and is currently ranked 6 in the Zacks Sector Rank [2] - ADI has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperforming the market in the next one to three months [3] - Over the past three months, the Zacks Consensus Estimate for ADI's full-year earnings has increased by 4.3%, reflecting improved analyst sentiment and earnings outlook [4] Group 2 - Year-to-date, ADI has gained approximately 16.3%, outperforming the average gain of 15.4% for the Computer and Technology sector [4] - ADI belongs to the Semiconductor - Analog and Mixed industry, which has 10 stocks and is currently ranked 26 in the Zacks Industry Rank, with an average gain of 12.5% this year [6] - Advanced Energy Industries (AEIS), another stock in the Computer and Technology sector, has returned 33% year-to-date and has a Zacks Rank of 1 (Strong Buy) [5][7]