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? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Xilinx is a member of our Computer and Technology group, which includes 644 different companies and currently sits at #5 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 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 #1 (Strong Buy).
The Zacks Consensus Estimate for XLNX's full-year earnings has moved 5.66% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, XLNX has returned 41.02% so far this year. In comparison, Computer and Technology companies have returned an average of 12.47%. 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 #1 in the Zacks Industry Rank. On average, this group has gained an average of 41.45% 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 in Computer and Technology stocks should continue to pay close attention to the company.