Xilinx (XLNX) Offering Possible 20.19% Return Over the Next 22 Calendar Days

Xilinx's most recent trend suggests a bullish bias. One trading opportunity on Xilinx is a Bull Put Spread using a strike $103.00 short put and a strike $98.00 long put offers a potential 20.19% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $98.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Xilinx is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Xilinx is bullish.

The RSI indicator is at 66.2 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Xilinx

Xilinx Shows Rising Relative Price Performance; Still Shy Of Key Threshold
Tue, 28 Jul 2020 21:14:00 +0000
A Relative Strength Rating upgrade for Xilinx shows improving technical performance. Will it continue?

Xilinx Joins the Open RAN Policy Coalition
Tue, 28 Jul 2020 13:00:00 +0000
Xilinx, Inc. announced it has joined the Open RAN Policy Coalition to support the development and deployment of Open RAN 5G technologies.

Xilinx (XLNX) to Post Q1 Earnings: What's in the Offing?
Tue, 28 Jul 2020 12:19:12 +0000
Xilinx's (XLNX) Q1 performance likely to have been affected by the Huawei ban and other trade-related uncertainties, along with the pandemic's adverse impact on its business.

Twitter, Xilinx, Qualcomm: Tech Stock Midday Movers
Mon, 27 Jul 2020 17:11:00 +0000
Shares of Twitter fell 3.2% to $36.24 on Monday. On Monday, Bloomberg reported that Twitter CEO Jack Dorsey and its board were warned repeatedly about vulnerabilities in its security operations, which may have contributed to a recent hijacking over multiple celebrities' and politicians' accounts as part of a bitcoin scam. Shares of Xilinx rose 3.5% to $106.24 ahead of its earnings report for fiscal Q1, which is scheduled for Thursday, June 30.

Intel's 7nm Delay Materially Positive For AMD, Says BofA Analyst
Mon, 27 Jul 2020 15:28:46 +0000
The biggest beneficiary of Intel Corporation's (NASDAQ: INTC) 7nm product delay is archrival Advanced Micro Devices, Inc. (NASDAQ: AMD), and an analyst at BofA Securities hiked their AMD price target Monday on this premise. The Semiconductor Analyst: Vivek Arya reiterated a Buy rating on AMD shares and increase the price target from $65 to $77.The AMD Thesis: The 7nm delay could accelerate AMD market share gains back toward their historical peaks of 20% for PC and 25% servers, up from 17% and 10%, today, Arya said in a Monday note. (See his track record here )AMD is on track to achieve earnings power of $3-plus by 2023, suggesting a CAGR of 43%, the analyst said. Given elevated expectations going into AMD's earnings report on Tuesday, there could be some profit-taking, Arya said.The analyst said he has higher confidence in AMD's medium/longer-term prospects.Intel's Q2 Outperformance Positive For Computing Peers? Intel delivered a strong second quarter thanks to solid cloud and resilient PC segments, Arya said.This bodes well for compute peers AMD, and Xilinx, Inc. (NASDAQ: XLNX), which is due to report Thursday, the analyst said. Strong 5G trends from Analog Devices, Inc. (NASDAQ: ADI) and Texas Instruments Incorporated (NASDAQ: TXN) also have a positive read-through for Xilinx, he said. AMD, INTC, XLNX Price Action: AMD shares were trading down 0.89% to $68.78 at last check Monday, while Intel shares were down 1.06% at $50.06.Xilinx shares were trading 3.77% higher at $106.53. Related Links:Nvidia, AMD Are Key Gaming Beneficiaries Ahead Of New Microsoft, Sony Consoles: BofA Why Key Intel Chip Design Exec's Departure Is Positive For AMD, Nvidia Latest Ratings for AMD DateFirmActionFromTo Jul 2020B of A SecuritiesMaintainsBuy Jul 2020Deutsche BankMaintainsHold Jul 2020BarclaysMaintainsEqual-Weight View More Analyst Ratings for AMD View the Latest Analyst RatingsSee more from Benzinga * Intel, Texas Instruments To Kickstart Chip Earnings With 'Better-Than-Feared' Results * Nvidia, AMD Are Key Gaming Beneficiaries Ahead Of New Microsoft, Sony Consoles: BofA(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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