|Bid||63.5900 x 300|
|Ask||63.6000 x 800|
|Day's Range||62.9200 - 64.4500|
|52 Week Range||43.5000 - 67.7500|
|PE Ratio (TTM)||27.42|
|Dividend & Yield||1.40 (2.10%)|
|1y Target Est||N/A|
Shares of programmable chip maker Xilinx (XLNX) are down $4.03, or almost 6%, at $63.49, after the company held its annual analyst day meeting with the Street yesterday, the sticking point being that the company talked about higher expenses without offering a concomitant opportunity for revenue. "We talked to numerous investors who expressed frustration after the meeting,” he writes, "that the company had promised to deliver 30% operating margins 'relatively soon', vs. commentary in the meeting that promised a return to that level in the March 2018 quarter - without any commitment to slow spending thereafter." This is what it takes to build a new business, he writes: We would argue that building a new business supporting significant opportunities in the cloud requires substantial spending from a sales and support perspective as well as from a product development (and in particular a software abstraction/simplification) perspective.
Xilinx chips are in demand among cloud-service providers, but the outlook is still subdued.
TheStreet's Jim Cramer weighs in on President Trump's budget along with Tuesday's trending stocks, including Take Two Interactive, AutoZone, Toll Brothers, Xilinx, Lowe's and Tiffany.