Investors focused on the Computer and Technology space have likely heard of ON Semiconductor (ON Quick QuoteON - Free Report) , 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.

ON Semiconductor is one of 635 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. ON is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ON's full-year earnings has moved 4.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ON has moved about 5.44% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 1.90%. This means that ON Semiconductor is performing better than its sector in terms of year-to-date returns.

Looking more specifically, ON belongs to the Semiconductor - Analog and Mixed industry, a group that includes 13 individual stocks and currently sits at #35 in the Zacks Industry Rank. Stocks in this group have lost about 2.41% so far this year, so ON is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on ON as it attempts to continue its solid performance.