Pacific Crest Maintains Xilinx to Overweight with Price Target $65.00

Brokerage firm Pacific Crest Maintains its rating on Xilinx(NASDAQ:XLNX). In a research note issued to the investors, the brokerage major Raises the price-target to $65.00 per share. The shares have been rated Overweight. The rating by Pacific Crest was issued on Aug 18, 2016.

In a different note, On Jul 28, 2016, Citigroup said it Maintains its rating on Xilinx. In the research note, the firm Raises the price-target to $46.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on Xilinx. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Jefferies said it Maintains its rating on Xilinx. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, Morgan Stanley said it Maintains its rating on Xilinx. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 2, 2016, Goldman Sachs said it Downgrades its rating on Xilinx. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Neutral’ by the firm.

Xilinx (XLNX) shares turned negative on Mondays trading session with the shares closing down -0.03 points or -0.06% at a volume of 20,75,770. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.62. The peak price level was also seen at $54.62 while the days lowest was $54.07. Finally the shares closed at $54.15. The 52-week high of the shares is $54.54 while the 52-week low is $39.11. According to the latest information available, the market cap of the company is $13,726 M.

Xilinx(XLNX) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $574.98M. Analysts had an estimated revenue of $571.06M. Earnings per share were $0.61. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Krishna Rangasayee (Sr. Vice President) sold 14,821 shares at $51.75 per share price.Also, On Aug 9, 2016, Vincent Tong (Executive Vice President) sold 80,000 shares at $51.78 per share price.On Aug 8, 2016, Steven L Glaser (Sr. Vice President) sold 4,742 shares at $51.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Xilinx Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Company’s 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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