Xilinx Inc (XLNX): Today's Featured Electronics 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 Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Xilinx fell $0.63 (-1.6%) to $39.77 on average volume. Throughout the day, 3,593,682 shares of Xilinx exchanged hands as compared to its average daily volume of 2,987,900 shares. The stock ranged in price between $39.57-$40.69 after having opened the day at $40.69 as compared to the previous trading day's close of $40.40. Other companies within the Electronics industry that declined today were: GigOptix ( GIG), down 13.8%, Orion Energy Systems ( OESX), down 6.8%, Faro Technologies ( FARO), down 5.2% and Pixelworks ( PXLW), down 4.4%.
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Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $10.7 billion and is part of the technology sector. The company has a P/E ratio of 22.7, 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 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 buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Netlist ( NLST), down 44.2%, NeoPhotonics ( NPTN), down 15.2%, Alliance Fiber Optic Products ( AFOP), down 12.5% and Vimicro International Corporation ( VIMC), down 12.1% , were all gainers within the electronics industry with First Solar ( FSLR) being today's featured electronics industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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