The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. MaxLinear (MXL – 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? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
MaxLinear is one of 647 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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 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. MXL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MXL’s full-year earnings has moved 24.42% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, MXL has returned 22.31% so far this year. In comparison, Computer and Technology companies have returned an average of 19.59%. As we can see, MaxLinear is performing better than its sector in the calendar year.
Looking more specifically, MXL belongs to the Semiconductor – Analog and Mixed industry, which includes 10 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 1.81% so far this year, meaning that MXL is performing better in terms of year-to-date returns.
MXL 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.