The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ON Semiconductor (ON) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
ON Semiconductor is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #11 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 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. ON is currently sporting a Zacks Rank of #2