Xilinx (XLNX) Shares are Up 5.65%

Xilinx (XLNX) : Traders are bullish on Xilinx (XLNX) as it has outperformed the S&P 500 by a wide margin of 6.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.72%, 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 5.65% in the last 1 week, and is up 10.59% 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 7.11% and the 50-Day Moving Average is 8.95%. Xilinx Inc. is up 19.48% in the last 3-month period. Year-to-Date the stock performance stands at 10.29%.


Xilinx (NASDAQ:XLNX): On Fridays trading session , Opening price of the stock was $51.19 with an intraday high of $51.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.89. However, the stock managed to close at $51.08, a loss of 0.02% for the day. On the previous day, the stock had closed at $51.09. The total traded volume of the day was 2,735,018 shares.

Also, Equity Analysts at the Citigroup maintains the rating on Xilinx (NASDAQ:XLNX). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $46 per share to $49 per share. 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.

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