Xilinx (XLNX): Notes From Company Meeting - Baird

November 17, 2016 7:48 AM EST
Get Alerts XLNX Hot Sheet
Price: $54.54 --0%

Rating Summary:
    10 Buy, 23 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 4
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Baird analyst, Tristan Gerra, reiterated his Neutral rating on shares of Xilinx (NASDAQ: XLNX) after meeting with the company this week. Key points include:

-Xilinx is currently shipping to three data center customers (out of seven) in low volume
-FPGA adoption in data centers is steadily increasing
-Other compute acceleration opportunities for Xilinx include storage and networking

-Xilinx’s ADAS exposure is about 4% of total revenue
-Virtex UltraScale + (16nm) was just released and should extend Xilinx’s footprint in ADAS in addition to its existing Zynq and Spartan 6 offering
-FPGAs excel at applications such as multi-sensor input processing

-first wave is expected in 2018

price target of $52.00

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 $53.55 yesterday.

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