Xilinx (XLNX) : Traders are bullish on Xilinx (XLNX) as it has outperformed the S&P 500 by a wide margin of 9.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.51% in the last 1 week, and is up 9.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Xilinx Inc. is up 19.51% in the last 3-month period. Year-to-Date the stock performance stands at 15.48%. The stock has recorded a 20-day Moving Average of 4.35% and the 50-Day Moving Average is 10.28%.
Xilinx (NASDAQ:XLNX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.93 and $52.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.14, notching a gain of 0.25% for the day. The total traded volume was 3,980,118 . The stock had closed at $53.01 on the previous day.
Also, Major Brokerage house, Pacific Crest maintains its ratings on Xilinx (NASDAQ:XLNX). In the latest research report, Pacific Crest raises the target price from $55 per share to $65 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 18, 2016.
Xilinx, Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Companys programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores. The Company provides design services, customer training, field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.