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Is Xilinx (XLNX) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
Axon Enterprise (AAXN) closed the most recent trading day at $55.74, moving +0.45% from the previous trading session.

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 one of 648 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. XLNX is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for XLNX's full-year earnings has moved 5.69% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, XLNX has moved about 29.39% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.42% on average. 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 #1 in the Zacks Industry Rank. Stocks in this group have gained about 29.39% so far this year, so XLNX is performing on par this group in terms of year-to-date returns.

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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