To make the stock all the more appealing, when Xilinx reported back in January 17th, the company's gross margin were a whopping 66%.
However, there is cause for at least some concern, Xilinx gave downside guidance for the next quarter. Also, rival Altera, just last week inked a deal to have Intel manufacture their chips, and that might make Alterable more formidable.
"However, at an analyst day earlier in the week, management said they expect growth to pick up in the second half of the year," said Cramer. "They're anticipating stronger wireless sales in tandem with next-generation LTE network rollouts in both North America, and in China, where Xilinx has a terrific track record of winning contracts."
It's certainly something worth watching.