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 658 different companies and currently sits at #4 in 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 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 90 days, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 9.95% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, XLNX has returned 34.29% so far this year. In comparison, Computer and Technology companies have returned an average of -0.26%. 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, which includes 1 individual stocks and currently sits at #2 in the Zacks Industry Rank. This group has gained an average of 36.41% so far this year, so XLNX is slightly underperforming its industry in this area.
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.