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? One simple way to answer this question is to take a look at the year-to-date performance of XLNX and the rest of the Computer and Technology group's stocks.
Xilinx is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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).
The Zacks Consensus Estimate for XLNX's full-year earnings has moved 10.93% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, XLNX has moved about 59.47% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 22.20% on a year-to-date basis. As we can see, Xilinx is performing better than its sector in the calendar year.
Looking more specifically, XLNX belongs to the Semiconductors - Programmable Logic industry, a group that includes 1 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, this group has gained an average of 59.89% so far this year, meaning that XLNX is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track XLNX. The stock will be looking to continue its solid performance.
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Xilinx, Inc. (XLNX) : Free Stock Analysis Report
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