Investors focused on the Computer and Technology space have likely heard of Lam Research (LRCX Quick QuoteLRCX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

Lam Research is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. LRCX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for LRCX's full-year earnings has moved 4.80% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that LRCX has returned about 3.43% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 2.94%. This shows that Lam Research is outperforming its peers so far this year.

Looking more specifically, LRCX belongs to the Semiconductor Equipment - Wafer Fabrication industry, which includes 5 individual stocks and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 5.29% this year, meaning that LRCX is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on LRCX as it attempts to continue its solid performance.