Xilinx (XLNX) is Downgraded by Robert W. Baird to Neutral, Price Target at $52

Xilinx (XLNX) was Downgraded by Robert W. Baird to ” Neutral” and the brokerage firm has set the Price Target at $52. Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Oct 12, 2016.

Many Wall Street Analysts have commented on Xilinx. Company shares were Reiterated by MKM Partners on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .

On the company’s financial health, Xilinx reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.56. The company had revenue of $574.90 million for the quarter, compared to analysts expectations of $571.07 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Xilinx closed down -1.22 points or -2.34% at $50.99 with 35,28,361 shares getting traded on Tuesday. Post opening the session at $52.18, the shares hit an intraday low of $50.79 and an intraday high of $52.18 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 11, 2016, Victor Peng (Sr. Vice President) sold 15,284 shares at $53.06 per share price. According to the SEC, on Oct 3, 2016, Moshe Gavrielov (CEO) sold 11,500 shares at $54.75 per share price. On Aug 11, 2016, Krishna Rangasayee (Sr. Vice President) sold 14,821 shares at $51.75 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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