Large Inflow of Money Detected in Xilinx

Xilinx (XLNX) : The money flow analysis of Xilinx (XLNX) indicates a $6.67 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $9.69 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.45 and so was the total money flow at $3.01 million. The bulls lapped up $1.48 million worth of block trades on upticks. The money flow was $1.48 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Xilinx (XLNX), pushing it down by -0.06% for the day. The stock slid $0.03 and traded at $54.12 during the day. Nonetheless, the stock is -0.11% over the previous weeks close.


Also, Equity Analysts at the Pacific Crest maintains the rating on Xilinx (NASDAQ:XLNX). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $55 per share to $65 per share. The rating by the firm was issued on August 18, 2016.

Shares of Xilinx Inc. rose by 0.3% in the last five trading days and 6.52% for the last 4 weeks. Xilinx Inc. is up 15.13% in the last 3-month period. Year-to-Date the stock performance stands at 17.76%.

Xilinx (NASDAQ:XLNX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.33 and $54.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.19, notching a gain of 0.07% for the day. The total traded volume was 2,380,003 . The stock had closed at $54.15 on the previous day.

In a related news,The (Sr. Vice President) of Xilinx Inc, Rangasayee Krishna sold 14,821 shares at $51.75 on August 11, 2016. The Insider selling transaction had a total value worth of $766,987. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.