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 641 different companies and currently sits at #6 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 2.60% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, XLNX has moved about 39.74% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 23.41% on average. This shows that Xilinx is outperforming its peers so far 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, this group has gained an average of 40.17% so far 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.