Xilinx (XLNX) is Reiterated by MKM Partners to Neutral, Lowers Price Target to $ 45

Xilinx (XLNX) was Reiterated by MKM Partners to “Neutral” while Lowering the Price Target of the company shares to $ 45 from a previous price target of $46 . MKM Partners advised their investors in a research report released on Apr 28, 2016.

On the company’s financial health, Xilinx reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.52. The company had revenue of $571.00 million for the quarter, compared to analysts expectations of $566.26 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Xilinx opened for trading at $46.83 and hit $47.36 on the upside on Wednesday, eventually ending the session at $47.35, with a gain of 0.85% or 0.4 points. The heightened volatility saw the trading volume jump to 33,03,170 shares. Company has a market cap of $12,100 M.

In a different news, on Mar 1, 2016, Steven L Glaser (Sr. Vice President) sold 7,539 shares at $48.32 per share price. According to the SEC, on Jan 29, 2016, Scott Hover-smoot (SVP General Counsel) sold 10,000 shares at $48.06 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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