Xilinx Reaches New 52-Week High (XLNX)

NEW YORK ( TheStreet) -- Xilinx (Nasdaq: XLNX) hit a new 52-week high Thursday as it is currently trading at $46.15, above its previous 52-week high of $43.88 with 3.2 million shares traded as of 10:05 a.m. ET. Average volume has been 3.3 million shares over the past 30 days.

Xilinx has a market cap of $11.42 billion and is part of the technology sector and electronics industry. Shares are up 20.7% year to date as of the close of trading on Wednesday.

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide.

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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. You can view the full Xilinx Ratings Report.

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