Citigroup Maintains Xilinx to Neutral with Price Target $49.00

Brokerage firm Citigroup Maintains its rating on Xilinx(NASDAQ:XLNX). In a research note issued to the investors, the brokerage major Raises the price-target to $49.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, 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) made into the market gainers list on Thursdays trading session with the shares advancing 1.16% or 0.59 points. Due to strong positive momentum, the stock ended at $51.43, which is also near the day’s high of $51.44. The stock began the session at $50.87 and the volume stood at 14,87,303 shares. The 52-week high of the shares is $51.48 and the 52 week low is $38.7. The company has a current market capitalization of $13,037 M and it has 25,34,82,120 shares in outstanding.

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 May 20, 2016, Scott Hover-smoot (SVP General Counsel) sold 45,000 shares at $44.08 per share price.Also, On Mar 1, 2016, Steven L Glaser (Sr. Vice President) sold 7,539 shares at $48.32 per share price.On Dec 2, 2015, Victor Peng (Sr. Vice President) sold 40,000 shares at $50.00 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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