Technology Stocks Worth Chasing: Xilinx, Inc. (XLNX), Lam Research Corporation (LRCX)

Xilinx, Inc. (XLNX) ended last trading session with a change of 0.74 percent. It trades at an average volume of 2.62M shares versus 1.85M shares recorded at the end of last trading session. The share price of $59.99 is at a distance of 48.3 percent from its 52-week low and down -3.07 percent versus its peak. The company has a market cap of $15.06B and currently has 250.98M shares outstanding. The share price is currently 1.39 percent versus its SMA20, 2.32 percent versus its SMA50, and 13.84 percent versus its SMA200. The stock has a weekly performance of 2.01 percent and is -0.06 percent year-to-date as of the recent close.

March 13, 2017 — At Embedded World, Xilinx, Inc. (XLNX) announced expansion into a wide range of vision guided machine learning applications with the Xilinx® reVISION™ stack. This announcement complements the recent Reconfigurable Acceleration Stack, significantly broadening the deployment of machine learning applications with Xilinx technology from the edge to the cloud.  The new reVISION stack enables a much broader set of software and systems engineers, with little or no hardware design expertise to develop intelligent vision guided systems easier and faster.  These engineers can now realize significant advantages when combining machine learning, computer vision, sensor fusion, and connectivity.

Lam Research Corporation (LRCX) recently recorded 1.49 percent change and currently at $122.4 is 72.58 percent away from its 52-week low and down 1.26 percent versus its peak. It has a past 5-day performance of 3.41 percent and trades at an average volume of 1.69M shares. The stock has a 1-month performance of 5.92 percent and is 16.21 percent year-to-date as of the recent close. There were about 162.66M shares outstanding which made its market cap $19.91B. The share price is currently 4.34 percent versus its SMA20, 7.41 percent versus its SMA50, and 24.76 percent versus its SMA200.

On Feb. 09, 2017 Lam Research Corporation (LRCX) announced that its Board of Directors has approved a quarterly dividend of $0.45 per share of common stock.  On an annualized basis, this will return approximately $292 million to stockholders based on shares outstanding as of December 25, 2016.  The dividend payment will be made March 29, 2017 to holders of record on March 8, 2017.  Future dividend payments are subject to review and approval by the Board of Directors.