Xilinx (NASDAQ:XLNX) has been under a strong bear grip, hence the stock is down -1.08% 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 0.4% 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 1.69% in the last 1 week, and is up 0.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 10.47% 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 $46.43 and the 200 Day Moving Average price is recorded at $46.36.
The stock has recorded a 20-day Moving Average of 1.84% and the 50-Day Moving Average is 3.56%.
Xilinx (NASDAQ:XLNX): stock turned positive on Friday. Though the stock opened at $46.13, the bulls momentum made the stock top out at $46.995 level for the day. The stock recorded a low of $45.9 and closed the trading day at $46.97, in the green by 2.76%. The total traded volume for the day was 1,770,474. The stock had closed at $45.71 in the previous days trading.
In an insider trading activity, Hover-Smoot Scott, (SVP General Counsel) of Xilinx Inc, unloaded 45,000 shares at an average price of $44.08 on May 18, 2016. The total amount of the transaction was worth $1,983,600, according to the disclosed information 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.