Goldman Sachs Still Prefers Altera (ALTR) Over Xilinx (XLNX)

March 6, 2013 11:08 AM EST
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Price: $58.92 +1.66%

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    11 Buy, 21 Hold, 3 Sell

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    Up: 19 | Down: 19 | New: 13
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Goldman Sachs today maintained a Neutral rating on Xilinx (NASDAQ: XLNX) with a price target of $41.00. Yesterday the company talked up its prospects at its analyst day event in New York.

Commenting on the news, analyst James Schneider said, "We are constructive on PLD fundamentals for both Xilinx and Altera (Nasdaq: ALTR) in 2013 given our view that carrier spending (especially in the US and China) will inflect higher as we move through the year. We continue to prefer Altera given its leading share position on 40nm (which should grow to one third of industry sales this year), and longer term given its recently announced foundry relationship with Intel (Nasdaq: INTC) on 14nm technology."

For an analyst ratings summary and ratings history on Xilinx (NASDAQ: XLNX) click here. For more ratings news on Xilinx click here.

Shares of Xilinx closed at $37.19 yesterday.

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