Xilinx (XLNX) : Analyst Rating Update

Xilinx (XLNX) has an average broker rating of 2.47, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Xilinx (XLNX) : The highest short term price target forecast on Xilinx (XLNX) is $60 and the lowest target price is $42. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $48.47 with a standard deviation of $5.5.

Xilinx (NASDAQ:XLNX): The stock opened at $45.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.55 for the day. The stock traded down to $44.95 during the day, due to lack of any buying support eventually closed down at $45.48 with a loss of -0.20% for the day. The stock had closed at $45.57 on the previous day. The total traded volume was 1,738,568 shares.

Also, In a research note released to the investors, Goldman Sachs downgrades its rating on Xilinx (NASDAQ:XLNX).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Goldman Sachs lowers the new price target from $54 per share to $51 per share. The rating by the firm was issued on June 2, 2016. The company shares have rallied 6.82% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $50.72 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $46.23 and the 200 Day Moving Average price is recorded at $46.38.

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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