Investors focused on the Computer and Technology space have likely heard of NXP Semiconductors N.V. (NXPI), but is the stock performing well in comparison to the rest of its sector peers? 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.
NXP Semiconductors N.V. is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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 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. NXPI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NXPI's full-year earnings has moved 5.93% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NXPI has returned about 22.41% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 16.40%. This shows that NXP Semiconductors N.V. is outperforming its peers so far this year.
Looking more specifically, NXPI belongs to the Semiconductor - Analog and Mixed industry, which includes 12 individual stocks and currently sits at #221 in the Zacks Industry Rank. This group has gained an average of 18.74% so far this year, so NXPI is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to NXPI as it looks to continue its solid performance.
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