Xilinx ( XLNX) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.8%. By the end of trading, Xilinx rose $1.13 (2.7%) to $42.98 on heavy volume. Throughout the day, 5,345,748 shares of Xilinx exchanged hands as compared to its average daily volume of 3,211,300 shares. The stock ranged in a price between $42.26-$43.37 after having opened the day at $42.73 as compared to the previous trading day's close of $41.85. Other companies within the Technology sector that increased today were: Deltathree ( DDDC), up 277.8%, iGo ( IGOI), up 49.3%, WebMD Health Corporation ( WBMD), up 25.4% and Netlist ( NLST), up 18.2%.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Xilinx has a market cap of $10.9 billion and is part of the electronics industry. Shares are up 14.8% year to date as of the close of trading on Thursday. Currently there are 9 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 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.