Large Inflow of Money Detected in Xilinx

Xilinx (XLNX) : $3.55 million worth of transactions were on upticks in Xilinx (XLNX), compared to $0.14 million on downticks. The ratio between the two was 24.79, whereas, the net money flow stood at a healthy $3.41 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $3.52million worth of trades. The total money flow into the stock stood at $3.52 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.35%. The stock was trading at $47.81, with a drop of $0.17 over the previous days close. The stock recorded -0.19% for the week.


Also, Goldman Sachs downgrades its rating on Xilinx (NASDAQ:XLNX). The global brokerage major lowers the current price target from $54 per share to $51 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 2, 2016.

Xilinx (NASDAQ:XLNX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.12 and $47.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.08, notching a gain of 0.21% for the day. The total traded volume was 1,709,517 . The stock had closed at $47.98 on the previous day.

The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 4.44%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (SVP General Counsel) of Xilinx Inc, Hover-Smoot Scott had sold 45,000 shares worth of $1,983,600 in a transaction dated May 18, 2016. In this transaction, 45,000 shares were sold at $44.08 per share.

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.

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