SEC finds no options problems at Xilinx

SAN JOSE, Calif.

Chip maker Xilinx Inc. said Thursday that a Securities and Exchange Commission investigation into its past stock option grant practices has ended and no enforcement action was recommended.

The company first disclosed in June that the SEC was investigating its historical practices regarding stock options grants.

Xilinx previously said its own accounting investigation uncovered no evidence of fraud or backdating, a practice whereby the dates of stock options are manipulated to increase the potential profit for the options recipient.

Xilinx shares rose 22 cents to $27 in premarket trading on the INET electronic exchange.