Xilinx (XLNX) Receives Price Target

Xilinx (XLNX) : The highest level Xilinx (XLNX) is projected to reach is $60 for the short term and the lowest estimate is at $45. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $50.92 and the possibility the share price can swing is $4.29.

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.


Also, Equity Analysts at the Pacific Crest maintains the rating on Xilinx (NASDAQ:XLNX). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $55 per share to $65 per share. The rating by the firm was issued on August 18, 2016.

Xilinx (NASDAQ:XLNX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.17 and $53.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.24, notching a gain of 0.06% for the day. The total traded volume was 2,428,167 . The stock had closed at $54.21 on the previous day.

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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