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Xilinx, Inc. stock price
Xilinx, Inc. latest news:
Lam Research and Xilinx See Big Target Hikes From Analysts After Earnings
Xilinx shares rally as record revenue tops Street view
Xilinx Inc. shares rose in the extended session Wednesday to near 17-year highs after the chipmaker reported record revenue for the quarter, topping Wall Street estimates. Xilinx shares rallied 4.8% to $77 after hours. The company reported third-quarter net income of $11.9 million, or 5 cents a share, compared with $141.8 million, or 52 cents a share, in the year-ago period. Results included a charge of $183 million from the recently passed U.S. tax overhaul law. Revenue rose to $631.2 million from $585.7 million in the year-ago period. Analysts surveyed by FactSet had estimated 63 cents a share on revenue of $630 million. "We delivered our ninth consecutive quarter of revenue growth with December quarter revenues establishing a new record for Xilinx and we achieved our operating margin target of 30% one quarter ahead of schedule," said Moshe Gavrielov, Xilinx president and chief executive, in a statement. For the fourth quarter, Xilinx estimates revenue of $635 million to $665 million, and a tax rate of 0% to 5%. Analysts expect revenue of $643.4 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tech ETF on track for best weekly rally in more than a year
A popular exchange-traded fund focused on the technology sector on Friday was set to mark its best weekly climb since late December of 2016, highlighting investors appetite for a buzzy sector that underscored equity benchmarks appetite for growth stocks and risk taking. The Technology Select Sector SPDR ETF was on pace for a weekly gain of 3.6% which would represent the best weekly advance since the period ended Dec. 9, according to FactSet data. On the day the tech-focused ETF was up 0.9%, holding at an all-time high, led by gains in Xilinx Inc. , Electronic Arts. Inc. and eBay Inc. , which were all up by at least 3%. The climb for technology shares coincides with a stellar start to 2018 for the broader stock market, which has seen the Dow Jones Industrial Average and S&P 500 index all hit records without one session in negative territory so far in 2018. Technology stocks helped to underpin much of the recent and persistent rally higher for Wall Street last year, with recent moves suggesting that investors remain focused on growth in light of an administration that bills itself as favorable to business, and a global economy that appears to be on firmer footing. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Xilinx CEO retiring, COO to replace him
Xilinx Inc. said Thursday afternoon that Chief Executive Moshe Gavrielov will retire from his position on Jan. 28 and be replaced by Chief Operating Officer Victor Peng. Gavrielov has been at the helm of Xilinx for 10 years, during which time the stock has more than tripled. Peng served as executive vice president and general manager of products for Xilinx, and previously worked at Advanced Micro Devices Inc. Xilinx shares have gained 16.7% in the past year, which trails gains of larger indexes like the Nasdaq Composite Index , up 31.5%, and the PHLX Semiconductor Index , up 45.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Xilinx Says CEO Moshe Gavrielov To Retire
Xilinx Inc(XLNX): * XILINX CEO MOSHE GAVRIELOV ANNOUNCES RETIREMENT. * Xilinx Inc(XLNX) - CEO MOSHE GAVRIELOV TO RETIRE. * Xilinx Inc (XLNX) - BOARD HAS ELECTED VICTOR PENG TO SUCCEED GAVRIELOV AS CEO Source text for Eikon: Further company coverage:
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