- XLNX stock recovery from March lagging tech and cyclical stocks; we think unjustified

- Huawei, slowing 5G rollout fear has dented sentiment; in our Granny Shots portfolio

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- As sales approach pre-COVID-19 levels, stock could rise to old high, up to 40% rise

Xilinx (XLNX), which designs and develops programmable chips, has seen its share price rise about 50% to around $103 in the recent rally from the March lows, as the market broadly discounts a lessening of the COVID-19 spread, and a reopening of global economies. 

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XLNX is basically one of two big players (the other being Intel’s (INTC) Altera unit) in the field of integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs), and other devices. They have end markets ranging from aerospace/defense to communications/data centers to automotive and testing. It’s complicated stuff, requiring a lot of R&D. It’s is a competitive environment, but XLNX is recognized as a leader, having invented field programmable gate arrays (FPGA), ICs designed to be configured by a customer after manufacturing. A standard application specific chip (ASIC), which is cheaper than FPGAs, cannot be programmed. The latter are typically m...

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