Tuesday, December 8, 2009

Lifting Xilinx (XLNX)

Xilinx, Inc. (NASDAQ: XLNX) is trading higher this morning, although on somewhat light trading volume for the news.  It provided updated sales guidance for its December quarter: sales are expected to be up approximately 16% to 20% sequentially. above its previous sales guidance of up approximately 6% to 10% sequentially due to broad-based strength across all end market categories and geographies.  Gross margin is now expected to be approximately 64%, above a prior target of 62% to 63%.   Xilinx is seeing a 1.1% gain on 22,000 shares as of 8:38 AM EST.  Its 52-week high is $24.49.


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