Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Xilinx (XLNX) one of those stocks right now? 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.
Xilinx is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in 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 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. XLNX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 10.16% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that XLNX has returned about 52.32% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 18.90%. As we can see, Xilinx is performing better than its sector in the calendar year.
Breaking things down more, XLNX is a member of the Semiconductors - Programmable Logic industry, which includes 1 individual companies and currently sits at #2 in the Zacks Industry Rank. This group has gained an average of 52.74% so far this year, so XLNX is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on XLNX as it attempts to continue its solid performance.
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