According to the actual press release, operating cash flow saw a robust increase when compared to the year-ago period. And while the top line declined compared to last year's Q2 sales figures, on a sequential basis, they increased 10%.

Those numbers are encouraging, but here's something even more exciting. The quarterly dividend got a juicy raise. It rose 14% to 16 cents per share. That brings Xilinx's dividend yield up to almost 2.7% as of Wednesday's closing price.

I haven't been a fan of Xilinx. I wasn't comfortable back in July with the stock. I feel more bullish now, it's true. But I'm still not 100% comfortable with the company.

If I'm going to be betting on the recovery, I personally would lean toward bigger brand names. I'd be more likely to buy Intel first before I put in an order for shares of Xilinx.

Yes, I've experienced opportunity cost with this business. Currently, my gut tells me that the momentum will continue. The underlying aspects of the company should see further improvement from here. Remember, though, that buying Xilinx now is obviously indicative of speculation that all the sellers have been washed out of the shares, and that the path of least resistance is onward and upward. I would really rather investors wait for a pullback, but that's just my opinion; find out what your personal due diligence tells you.

Disclosure: I don't own any company mentioned; positions can change without notice.