Xilinx (XLNX) Stock: Gaining On Qualcomm (QCOM) Takeover Chatter

Xilinx, Inc. (NASDAQ: XLNX) is having a pretty strong day in the market today, and for good reason. Renewed takeover speculation is causing excitement among investors who are pushing the stock upward. Of course, our partners at Trade Ideas were the first to inform us of the gains. At the moment (10:10), XLNX is trading at $56.07 per share after a gain of $0.97 per share or 1.76% thus far today.

XLNX Gains On Takeover Speculation

As mentioned above, Xilinx is having a strong day in the market today as takeover speculation starts to make its rounds again. The idea here is that Qualcomm (QCOM) is interested in taking the company over. However, there’s no assurance from either side of the coin that this is going to happen, nor a suggested price.

The truth is that speculative trades and investments are incredibly high risk. While this may be creating a bit of an opportunity, XLNX could fall just as quickly as it rose. So, if you’re going to trade on this news, make sure that you trade with caution.

Stop wasting your time! Find winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both XLNX and QCOM. In particular, we’re interested in learning if there is any validity to the speculation. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

Want The News Faster?

Check out the CNA Finance News Desk to get the scoop before we have the time to write the full story!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!

* indicates required

Leave a Comment