Investors focused on the Computer and Technology space have likely heard of Xilinx (XLNX), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Xilinx is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #3. 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).
Within the past quarter, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 4.04% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that XLNX has returned about 12.89% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 11.15%. This shows that Xilinx is outperforming its peers so far this year.
Breaking things down more, XLNX is a member of the Semiconductors - Programmable Logic industry, which includes 1 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 14.48% this year, meaning that XLNX 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 XLNX as it attempts to continue its solid performance.
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