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Xilinx Inc. (XLNX) Is Heading Higher After Stock Repurchase Announcement

Xilinx Inc. (XLNX) announced after the close Monday that its Board of Directors has authorized the repurchase up to $800 million of its common stock. The stock is now up 0.64 on 41K shares.

Xilinx traded in a range for the majority of Monday's session and closed down by 0.20 at $43.41. The stock finished near the middle of a 1-month range.

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