Xilinx (NASDAQ:XLNX) has tumbled 0.71% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.69% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.49% and the outperformance has advanced to 2.74% for the last 4 weeks period.
Xilinx (NASDAQ:XLNX): The stock opened at $46.86 on Friday but the bulls could not build on the opening and the stock topped out at $46.88 for the day. The stock traded down to $46.14 during the day, due to lack of any buying support eventually closed down at $46.40 with a loss of -0.94% for the day. The stock had closed at $46.84 on the previous day. The total traded volume was 3,527,268 shares.
The company shares have rallied 0.22% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $50.72 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $45.26 and the 200 Day Moving Average price is recorded at $46.62.
On the companys insider trading activities,The (SVP General Counsel) of Xilinx Inc, Hover-Smoot Scott sold 45,000 shares at $44.08 on May 18, 2016. The Insider selling transaction had a total value worth of $1,983,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Goldman Sachs downgrades its rating on Xilinx (NASDAQ:XLNX). As per the latest information, the brokerage house lowers the price target to $51 per share from a prior target of $54. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 0.52% of Xilinx shares according to the proxy statements. Institutional Investors own 91.73% of Xilinx shares. During last six month period, the net percent change held by insiders has seen a change of -32.6%.
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.