|Bid||96.19 x 800|
|Ask||96.80 x 900|
|Day's Range||95.43 - 99.89|
|52 Week Range||68.76 - 141.60|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||26.31|
|Earnings Date||Oct 23, 2019|
|Forward Dividend & Yield||1.48 (1.41%)|
|1y Target Est||129.23|
XLNX stock was hit hard on Friday following news that Xilinx (NASDAQ:XLNX) is losing its CFO.Source: Remus Rigo / Shutterstock.com Xilinx Executive Vice President and CFO Lorenzo Flores isn't leaving the company immediately. Instead, he will depart following the conclusion of the company's fiscal second earnings, which will take place on Oct. 23.Xilinx notes that it doesn't yet have anyone ready to take over for Flores once he leaves. However, the company is already starting a search to find a replacement for the CFO. The goal is for there to be a smooth transition from Flores to the next CFO.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"It has been an honor to serve the shareholders, employees and customers of Xilinx during my tenure. I am proud of all we have accomplished together, particularly the outstanding financial performance of the company," Flores said in a statement. "Xilinx is extremely well-positioned in the industry and I am highly confident that the broad strength of the organization and management will ensure its continued success." * 7 Triple-'F' Rated Stocks to Leave on the Shelf Xilinx also announce some other changes in connection to Flores departure. Sumeet Gagneja, the Corporate Vice President of Finance and Corporate Controller for the company, is now its Chief Accounting Officer. Matt Poirier, Senior Vice President of Corporate Development and Investor Relations is assuming Treasurer responsibilities. Gagneja will report to Peng and Peng will oversee fiances while the company searches for a new CFO.XLNX stock was down 6% as of Friday afternoon.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post XLNX Stock Sinks on Xilinx CFO Departure appeared first on InvestorPlace.
Xilinx announces Chief Financial Officer Lorenzo Flores will be leaving the chipmaker. It was announced Friday he would join Toshiba Memory Holdings as vice chairman.
Xilinx Inc. shares declined in after-hours trading Thursday following the announcement that its chief financial officer is leaving the company. In a news release Thursday afternoon, the chip company said that CFO Lorenzo Flores is leaving the company "to pursue another executive opportunity," and will depart after Xilinx reports fiscal second-quarter earnings on Oct. 23. Flores has been with Xilinx for 11 years. Xilinx said that Chief Executive Victor Peng will assume oversight of finance operations until a new CFO is found, with Sumeet Gagneja acting as chief accounting officer and Matt Poirier taking on the role of treasurer. Xilinx shares declined more than 2% in the extended-trading session after the news was announced.
SAN JOSE, Calif., Sept. 19, 2019 /PRNewswire/ -- Xilinx, Inc. (XLNX), the leader in adaptive and intelligent computing, today announced that Lorenzo Flores, Executive Vice President and Chief Financial Officer, is stepping down from his position to pursue another executive opportunity. Flores plans to leave Xilinx following the company's second quarter fiscal year 2020 earnings on October 23, to ensure a smooth transition. "On behalf of the Board of Directors and the entire management team, I would like to thank Lorenzo for his contributions and dedication to the company during the past 11 years," said Victor Peng, President and Chief Executive Officer, Xilinx.
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Wednesday's gain may not have been enough to carry the S&P 500 index all the way back above its pivotal 50-day moving average line, but the 1.08% rally was enough to get stocks to within striking distance of that feat.Source: Shutterstock General Electric (NYSE:GE) did much of the heavy lifting, gaining more than 5% after Citigroup suggested its turnaround effort "could be more significant" than the market presently appreciates. Meanwhile, Roku (NASDAQ:ROKU) may have made less of an overall impact, but still logged a bigger gain by rallying nearly 8% after D.A. Davidson analyst Tom Forte upped his target to $185 -- the highest on Wall Street.Despite the rising tide, however, not every name was a winner. American Eagle Outfitters (NYSE:AEO) tumbled more than 11% after reporting same-store sales growth of 2%, versus the 6% analysts were modeling.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Tech Stocks to Buy Right Now As for names worth a closer look as we move into the home stretch of the short trading week, however, take a look at stock charts of Iqvia Holdings (NYSE:IQV), Xilinx (NASDAQ:XLNX) and Norfolk Southern (NYSE:NSC). Here's why, and what may come next. Norfolk Southern (NSC)The past few weeks have been tough ones for railroad stocks. Norfolk Southern has been no exception.Since the middle of last month, things have seemingly changed. NSC stock appears to have found support -- or perhaps made support -- before matters got too far out of hand. While there's reason for optimism, there's also reason for concern. One more slip-up from here could crack a couple of different key floors and send Norfolk shares off the rails. * Click to EnlargeOne of those floors is $168.37, plotted in white on the daily chart. Shares have been unable and unwilling to move below that market since the middle of last month. * Zooming out to the weekly chart of NSC stock, it's clear there's another support line at work. The line that connects most, even if not all, the major lows since 2016 is once again being tested. * Should the two floors snap and let the bears continue on, there's not much historical precedent for the next-best landing spot. The most-likely level is December's bottom around $140. Iqvia Holdings (IQV)It's been anything but a straight-line effort, but Iqvia Holdings has been a surprisingly rewarding name over the past several years. Buying on the dip has been a savvy strategy' It still is.To that end, though some could and would argue that the lull witnessed since late June technically qualifies as a dip since it was stopped at an established technical floor, that may not be the case at all. One stumble could easily break that support level and send IQV stock to a better-established support level. And, the subtle clues suggest that's the more-likely outcome here. * Click to EnlargeThe make-or-break level on the daily chart is $150.63, marked in white in the graph. * On the weekly chart, however, the floor of interest is different. The line that connects the key lows since late December, marked in yellow, is being tested. * Should either or both floor fail to keep Iqvia propped up, the next most=likely support level is near $120. That's where the lower boundary of a trading range established in 2016 and 2017 lies, marked as a dashed blue line. * It's been relatively uneven, but it's difficult to say the daily chart's volume bars aren't more bearish than bullish. That is to say, the red lines are taller and more frequent than the green volume bars. Xilinx (XLNX)Finally, with just a quick glance, it seems Xilinx shares have sidestepped trouble. Finding the same floor they found in May, the pullback that started in late July has been halted as of last week. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off A closer look at the chart of XLNX stock, however, reveals shares may not be as risk-free as first thought. The stock is finding resistance at a place it can't afford to face resistance, and that could buy the bears just enough time to shore up their defensive line and force Xilinx to lose ground. One small stumble could get very big, very fast. * Click to EnlargeThe support in question is right around $97.40, plotted as a yellow line on both stock charts. Notice that's also the upper boundary of the gap left behind in January, begging to be closed now. * Not only would a move to fill in that gap possibly start a self-fueling selloff, it could lead the purple 50-day moving average line all the way below the green 200-day line. That's a sell signal in and of itself. * The last bastion of hope in the event of should the support at $97.40 snap is the 61.8% Fibonacci line around $92.64.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 3 Big Stock Charts for Thursday: Xilinx, Norfolk Southern and Iqvia Holdings appeared first on InvestorPlace.
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CEO of Xilinx Inc (30-Year Financial, Insider Trades) Victor Peng (insider trades) sold 6,489 shares of XLNX on 08/28/2019 at an average price of $100 a share. Continue reading...
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