For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Xilinx (XLNX - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of XLNX and the rest of the Computer and Technology group's stocks.
Xilinx is one of 642 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 includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. XLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for XLNX's full-year earnings has moved 5.66% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, XLNX has moved about 39.29% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 12.49% on average. This means that Xilinx is outperforming the sector as a whole this year.
Breaking things down more, XLNX is a member of the Semiconductors - Programmable Logic industry, which includes 1 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 39.71% this year, meaning that XLNX is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on XLNX as it attempts to continue its solid performance.