Xilinx Inc (XLNX): Today's Featured Electronics Winner

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 Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.0%. By the end of trading, Xilinx rose $1.29 (3.5%) to $37.79 on heavy volume. Throughout the day, 5,756,071 shares of Xilinx exchanged hands as compared to its average daily volume of 3,033,000 shares. The stock ranged in a price between $36.55-$38.04 after having opened the day at $36.90 as compared to the previous trading day's close of $36.50. Other companies within the Electronics industry that increased today were: SemiLEDs ( LEDS), up 19.7%, Rubicon Technology ( RBCN), up 10.6%, Aehr Test Systems ( AEHR), up 10.1% and Triquint Semiconductor ( TQNT), up 10.1%.
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Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $9.6 billion and is part of the technology sector. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year 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 negative front, Mellanox Technologies ( MLNX), down 12.5%, Forward Industries ( FORD), down 5.6%, China Sunergy ( CSUN), down 5.0% and Tessera Technologies ( TSRA), down 5.0% , were all laggards within the electronics industry with Intel ( INTC) being today's electronics industry laggard.

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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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