Xilinx Inc (XLNX): Today's Featured Electronics Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.8%. By the end of trading, Xilinx rose $0.92 (2.0%) to $46.43 on average volume. Throughout the day, 3,468,318 shares of Xilinx exchanged hands as compared to its average daily volume of 3,442,700 shares. The stock ranged in a price between $45.27-$46.50 after having opened the day at $45.43 as compared to the previous trading day's close of $45.51. Other companies within the Electronics industry that increased today were:
(
), up 17.5%,
Applied Micro Circuits Corporation
(
), up 13.9%,
(
), up 12.7% and
(
), up 9.5%.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Xilinx has a market cap of $12.1 billion and is part of the technology sector. Shares are up 27.8% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Xilinx a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Xilinx
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Xilinx Ratings Report.
On the negative front,
(
), down 11.8%,
(
), down 6.6%,
(
), down 5.1% and
(
), down 4.8% , were all laggards within the electronics industry with
(
) being today's electronics industry laggard.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
null