Has NXP Semiconductors N.V. (NXPI) Outpaced Other Computer system and Engineering Shares This Yr?
Investors fascinated in Personal computer and Engineering stocks must normally be searching to uncover the most effective-accomplishing providers in the group. Has NXP Semiconductors N.V. (NXPI) been a single of these shares this calendar year? Let’s get a closer look at the stock’s year-to-day functionality to obtain out.
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NXP Semiconductors N.V. is a member of our Computer and Technological innovation group, which incorporates 632 unique providers and now sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 particular person sector teams by measuring the normal Zacks Rank of the specific shares in the groups.
The Zacks Rank is a tested procedure that emphasizes earnings estimates and estimate revisions, highlighting a wide variety of stocks that are displaying the proper characteristics to beat the industry around the up coming a person to three months. NXPI is currently sporting a Zacks Rank of #2 (Purchase).
In just the earlier quarter, the Zacks Consensus Estimate for NXPI’s complete-year earnings has moved 19.26% higher. This is a signal of improving analyst sentiment and a beneficial earnings outlook development.
Our latest readily available facts reveals that NXPI has returned about 1.91% because the start off of the calendar yr. At the exact time, Computer and Technological innovation shares have misplaced an normal of 1.26%. This suggests that NXP Semiconductors N.V. is doing better than its sector in conditions of yr-to-date returns.
Looking more exclusively, NXPI belongs to the Semiconductor – Analog and Blended business, which consists of 12 unique stocks and now sits at #49 in the Zacks Field Rank. On normal, this group has shed an ordinary of .29% so much this yr, this means that NXPI is carrying out better in conditions of 12 months-to-date returns.
Traders in the Computer system and Technologies sector will want to continue to keep a shut eye on NXPI as it makes an attempt to proceed its good general performance.