GARP Research Maintains a 'Neutral' on Xilinx (XLNX); Prefers ALTR Despite Better Quarter
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Price: $39.51 +0.10%
Rating Summary:
8 Buy, 17 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
8 Buy, 17 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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GARP Research maintains a 'Neutral' on Xilinx (NASDAQ: XLNX).
Analyst, Seth Dadds, said, "After slipping behind, Xilinx has reversed course and is now chipping away at Altera’s (Nasdaq: ALTR) ~60% share at the 40-nm node. But the race to penetrate the $49 billion ASIC and ASSP market isn’t over. The nascent 28-nm node represents a bigger opportunity, and it’s still too early to declare a victor based on early shipments which measured less than $10m in the March quarter. Nonetheless, both stand to benefit from a secular trend that favors programmable logic devices. Despite stronger top-line performance in recent quarters, we maintain our Neutral rating on Xilinx, and continue to favor Altera, which has better margins and generates a higher return on capital."
For an analyst ratings summary and ratings history on Xilinx click here. For more ratings news on Xilinx click here.
Shares of Xilinx closed at $36.50 yesterday, with a 52 week range of $26.55-$37.74.
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Analyst, Seth Dadds, said, "After slipping behind, Xilinx has reversed course and is now chipping away at Altera’s (Nasdaq: ALTR) ~60% share at the 40-nm node. But the race to penetrate the $49 billion ASIC and ASSP market isn’t over. The nascent 28-nm node represents a bigger opportunity, and it’s still too early to declare a victor based on early shipments which measured less than $10m in the March quarter. Nonetheless, both stand to benefit from a secular trend that favors programmable logic devices. Despite stronger top-line performance in recent quarters, we maintain our Neutral rating on Xilinx, and continue to favor Altera, which has better margins and generates a higher return on capital."
For an analyst ratings summary and ratings history on Xilinx click here. For more ratings news on Xilinx click here.
Shares of Xilinx closed at $36.50 yesterday, with a 52 week range of $26.55-$37.74.
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