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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Xilinx ( XLNX) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Xilinx fell 62 cents (-1.7%) to $36.65 on average volume. Throughout the day, 3.9 million shares of Xilinx exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $36.40-$37.03 after having opened the day at $37.02 as compared to the previous trading day's close of $37.27. Other companies within the Technology sector that declined today were: Wireless Ronin Technologies ( RNIN), down 25.7%, Dataram Corporation ( DRAM), down 12.9%, CSP ( CSPI), down 12%, and OmniVision Technologies ( OVTI), down 11.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $9.78 billion and is part of the electronics industry. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Xilinx a buy, no analysts rate it a sell, and 10 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, increase in stock price during the past year, 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 somewhat weak growth in earnings per share.

On the positive front, Sycamore Networks ( SCMR), up 16.9%, Revolution Lighting Technologies ( RVLT), up 16.5%, Trulia ( TRLA), up 14%, and Suntech Power Holdings ( STP), up 13.9%, were all gainers within the technology sector with Symantec ( SYMC) being today's featured technology sector leader.

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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Take Xilinx' Rally Seriously

Are the Semis Now on Shaky Ground?

Are the Semis Now on Shaky Ground?

Xilinx, Arena Pharmaceuticals, Magellan Midstream: 'Mad Money' Lightning Round

'I Love the Down-and-Outers': Cramer's 'Mad Money' Recap (Thursday 7/13/17)