Xilinx (XLNX) : Traders are bullish on Xilinx (XLNX) as it has outperformed the S&P 500 by a wide margin of 7.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.14% in the last 1 week, and is up 8.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.07% and the 50-Day Moving Average is 8.79%. Xilinx (NASDAQ:XLNX): stock turned positive on Friday. Though the stock opened at $51.83, the bulls momentum made the stock top out at $52.18 level for the day. The stock recorded a low of $51.67 and closed the trading day at $51.84, in the green by 0.02%. The total traded volume for the day was 1,151,938. The stock had closed at $51.83 in the previous days trading.
The company Insiders own 0.52% of Xilinx shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -39.29% . Institutional Investors own 87.44% of Xilinx shares. During last six month period, the net percent change held by insiders has seen a change of -33.13%. Also, Citigroup maintains its rating on Xilinx (NASDAQ:XLNX). The global brokerage major raises the current price target from $46 per share to $49 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 28, 2016.
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.