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Is NXP Semiconductors N.V. (NXPI) Outperforming Other Computer and Technology Stocks This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is NXP Semiconductors N.V. (NXPI) one of those stocks right now? 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.

NXP Semiconductors N.V. is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #15 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. NXPI is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for NXPI's full-year earnings has moved 4.84% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, NXPI has moved about 26% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 20.76% on a year-to-date basis. This means that NXP Semiconductors N.V. is outperforming the sector as a whole this year.

To break things down more, NXPI belongs to the Semiconductor - Analog and Mixed industry, a group that includes 11 individual companies and currently sits at #46 in the Zacks Industry Rank. Stocks in this group have gained about 12.69% so far this year, so NXPI is performing better this group in terms of year-to-date returns.

NXPI 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.


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