Investors focused on the Computer and Technology space have likely heard of Xilinx , 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 660 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. XLNX is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 10.23% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, XLNX has moved about 27.44% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 2.23%. This means that Xilinx is outperforming the sector as a whole this 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 29.03% 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.