Investors focused on the Computer and Technology space have likely heard of Xilinx (XLNX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Xilinx is a member of our Computer and Technology group, which includes 623 different companies and currently sits at #2 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 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 4.65% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, XLNX has gained about 18.91% so far this year. In comparison, Computer and Technology companies have returned an average of 12.82%. This means that Xilinx is performing better than its sector in terms of year-to-date returns.
Looking more specifically, XLNX belongs to the Semiconductors - Programmable Logic industry, which includes 1 individual stocks and currently sits at #4 in the Zacks Industry Rank. On average, this group has gained an average of 20.50% so far this year, meaning that XLNX is slightly underperforming its industry in terms of year-to-date returns.
XLNX will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.