View photos The company currently trades at a forward P/E multiple of 13.2x, significantly lower than the Zacks categorized Electronics-Semiconductor industry average of 18.1x.The ratio, which is obtained by dividing a stocks current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings. Therefore, lower the P/E of a stock, the better for a value investor. medical information websitesHence, we believe that there is still much momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its VGM Style Score of A and long-term earnings growth rate of 10%.You can see the complete list of todays Zacks #1 Rank stocks here. The stock has grabbed the spotlight with striking performances on the back of solid earnings results and robust growth projections. Keeping this in mind, we perceive that investing in this stock would yield strong returns in the short term. A couple of other stocks worth considering in the broader technology sector are Cirrus Logic Inc. CRUS and Amkor Technology Inc. AMKR, both sporting a Zacks Rank #1. Cirrus Logic has witnessed upward estimate revisions in the last 60 days and surpassed the Zacks Consensus Estimate thrice in the trailing four quarters, with an average positive surprise of 53.68%. Estimates for Amkor Technology have also moved up in the last 60 days.
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