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. NXP Semiconductors N.V. (NXPI) 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 NXPI and the rest of the Computer and Technology group’s stocks.
NXP Semiconductors N.V. is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #11 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. NXPI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NXPI’s full-year earnings has moved 8.28% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
According to our latest data, NXPI has moved about 34.92% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 22.81%. This means that NXP Semiconductors N.V. is performing better than its sector in terms of year-to-date returns.
Looking more specifically, NXPI belongs to the Semiconductor – Analog and Mixed industry, a group that includes 11 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, this group has gained an average of 18.34% so far this year, meaning that NXPI is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track NXPI. The stock will be looking to continue its solid performance.
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