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Xilinx, Inc. (XLNX) designs and develops programmable devices and associated technologies worldwide.
Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores.
The company also offers legacy development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure Xilinx field programmable gate arrays.
In addition, it provides design services, customer training, field engineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.
Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers by a network of independent sales representative firms and by a direct sales management organization.
Shares have formed a bullish "flag" following the company's latest quarterly report, and on the market rumors that the stock might be a take over target. Xilinx announced a “change-of-control provision” with five senior officials—including the company’s chief executive officer that protects them if the company’s ownership changes hands. This has sparked speculations that the company might be a possible acquisition target.
Higher share prices are expected for this stock.
52-Weeks Trading Range: $38.07 - $50.72
Entry Point: $48.14
Stop Loss: $45.50
Target Price: $52.95
XLNX closed at $47.46. Proceeds will be used in other stocks.
