Xilinx (XLNX) Receives ‘Analyst’ Rating

Xilinx (XLNX) : Zacks Investment Research ranks Xilinx (XLNX) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.4, which indicates as a Buy.

Xilinx (XLNX) : Currently there are 13 street experts covering Xilinx (XLNX) stock. The most bullish and bearish price target for the stock is $60 and $45 respectively for the short term. The average price target of all the analysts comes to $51.15. The estimated standard deviation from the target is $4.43.


Also, In a research note released to the investors, MKM Partners maintains its rating on Xilinx (NASDAQ:XLNX).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, MKM Partners raises the new price target from $52 per share to $55 per share. The rating by the firm was issued on August 31, 2016.

Xilinx (NASDAQ:XLNX): After opening at $52.89, the stock dipped to an intraday low of $52.67 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.78 and the buying power remained strong till the end. The stock closed at $53.57 for the day, a gain of 1.06% for the day session. The total traded volume was 2,386,248. The stocks close on the previous trading day was $53.01.

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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