Xilinx Inc (XLNX): Today's Featured Technology Loser

Xilinx ( XLNX) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 0.5%. By the end of trading, Xilinx fell 87 cents (-2.4%) to $35.51 on average volume. Throughout the day, four million shares of Xilinx exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in price between $35.51-$36.34 after having opened the day at $35.94 as compared to the previous trading day's close of $36.38. Other company's within the Technology sector that declined today were: Servicesource International ( SREV), down 17.1%, MERU Networks ( MERU), down 15.5%, Park Electrochemical ( PKE), down 9.7%, and Integrated Device Technology ( IDTI), down 9.5%.

Xilinx, Inc. designs, develops, and markets programmable platforms in North America, the Asia Pacific, Europe, and Japan. Xilinx has a market cap of $9.56 billion and is part of the electronics industry. The company has a P/E ratio of 18.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 13.5% year to date as of the close of trading on Monday. Currently there are nine analysts that rate Xilinx a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, PLX Technology ( PLXT), up 67.3%, Nexxus Lighting ( NEXS), up 27.1%, BOS Better Online Solutions ( BOSC), up 17.5%, and BluePhoenix Solutions ( BPHX), up 17.4%, were all gainers within the technology sector with Autodesk ( ADSK) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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