Xilinx, Inc. XLNX was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $67.42 to $70.49 in the past one month time frame.
The move came as an after-effect as the company reported that its chief executive officer and president Moshe Gavrielov had decided to retire effective Jan 28, 2018. He will be replaced by COO Victor Peng.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Xilinx currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Computer and Technology sector is Analog Devices, Inc. ADI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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