The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Xilinx (XLNX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Xilinx is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. XLNX is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 9.95% 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 32.02% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -1.54%. This shows that Xilinx is outperforming its peers so far this year.
Looking more specifically, XLNX belongs to the Semiconductors - Programmable Logic industry, which includes 1 individual stocks and currently sits at #2 in the Zacks Industry Rank. This group has gained an average of 34.14% so far this year, so XLNX is slightly underperforming its industry in this area.
XLNX will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.