Xilinx (XLNX) has been under a strong bear grip, hence the stock is down -0.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.94% in the last 1 week, and is up 6.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Xilinx (NASDAQ:XLNX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.87 and $47.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.35, notching a gain of 1.17% for the day. The total traded volume was 1,231,038 . The stock had closed at $47.79 on the previous day.
The stock has recorded a 20-day Moving Average of 3.63% and the 50-Day Moving Average is 4.57%. Xilinx Inc. is up 6.22% in the last 3-month period. Year-to-Date the stock performance stands at 4.4%.
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.