Why Xilinx Couldn’t Avoid 2Q16’s Fall in Revenue
Shareholder returns and stock trends
Xilinx (XLNX) has generated returns of 13.3% for the TTM (trailing twelve months) and 9.1% in the trailing-one-month period. The company's share price has increased by 3.6% in the trailing-five-day period. Peer companies Altera Corporation (ALTR), Analog Devices (ADI), and Nvidia Corporation (NVDA) have generated returns of 0.5%, 6.2%, and 6.9%, respectively, in the trailing-five-day period.
On October 16, 2015, Xilinx's last trading price was $ 46.51. The company was trading at 7.1%, 9.2%, and 7.3% above the 20-day, 50-day, and 100-day moving averages of $ 43.43, $ 42.60, and $ 43.36, respectively.
Moving average convergence divergence
The MACD ( moving average convergence divergence) is the difference between the short-term and long-term moving averages of a firm. Xilinx's 14-day MACD is 0.7, and shows an upward trading trend as the figure is positive.
Xilinx's 14-day RSI (relative strength index) is 69, which shows that the stock was bordering on being overbought. An RSI above 70 indicates that the stock is overbought, while an RSI of below 30 suggests that a stock has been oversold.
Xilinx (XLNX) constitutes 0.2% of The PowerShares QQQ ETF (QQQ) and 0.1% of the SPDR S&P 500 ETF (SPY).
Of 27 analysts covering the stock, nine have "buy" recommendations, one has a "sell" recommendation, and 17 have "hold" recommendations. The analyst stock price target for the firm is $ 46.91, with a median target estimate of $ 45.50. Therefore, Xilinx is trading 2.2% above its median target.
Browse this series on Market Realist:
- Part 1 – Xilinx Revenue Continues to Fall, Expects Next Quarter's to Rise
- Part 2 – Xilinx 3Q16: Operations and Cash Flow Analysis
- Company Earnings