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Shares of programmable chip vendor Xilinx (XLNX) are higher by $2.64, or almost 6% at $47.53, following a report today from what wire services describe as M&A chatter about Xilinx as a target. Apparently, one report came from Street Insider, which does, indeed, have an article titled “Xilinx said to draw $15B Takeover Proposal — Source.” (Subscription required to read Street Insider articles.)

In response, Cowen & Co.’s semi analyst Timothy Arcuri reiterates an Outperform rating on shares of Qualcomm (QCOM), apparently a likely potential bidder. Writes Arcuri, "While not specifically mentioned, QCOM is often cited as a potential buyer."