Analyst Rating Update on Xilinx (XLNX)

Xilinx (NASDAQ:XLNX) : The consensus on Xilinx (NASDAQ:XLNX) based on 18 analyst recommendation on the company stock is 2.39, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Xilinx (NASDAQ:XLNX).

Xilinx (NASDAQ:XLNX) : The highest level Xilinx (NASDAQ:XLNX) is projected to reach is $60 for the short term and the lowest estimate is at $42. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $48.47 and the possibility the share price can swing is $5.5.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Goldman Sachs downgrades the rating on Xilinx (NASDAQ:XLNX). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $54 per share to $51 per share. The rating by the firm was issued on June 2, 2016.

Xilinx (NASDAQ:XLNX): stock turned positive on Tuesday. Though the stock opened at $44.23, the bulls momentum made the stock top out at $44.87 level for the day. The stock recorded a low of $44 and closed the trading day at $44.75, in the green by 2.08%. The total traded volume for the day was 1,730,389. The stock had closed at $43.84 in the previous days trading.

In an insider trading activity, The (SVP General Counsel), of Xilinx Inc, Hover-Smoot Scott had unloaded 45,000 shares at $44.08 per share in a transaction on May 18, 2016. The total value of transaction was $1,983,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Xilinx, Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Companys programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores. The Company provides design services, customer training, field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.

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