Canaccord Genuity Maintains a 'Hold' on Xilinx (XLNX); Comms and Industrial Pick Up
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Price: $194.92 --0%
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Xilinx (NASDAQ: XLNX) price target raised to $35.00.
Analyst, Bobby Burleson, said, "We increase our price target and remain HOLD-rated on shares of XLNX due to opex headwinds on 28nm costs. Upside to revised guidance was driven by increased communications demand from Asia and North America, while industrial strength is behind the healthy outlook."
"XLNX’s price target of $35 is 20x our C2012 EPS estimate of $1.78, compared to a 16x multiple for our coverage universe."
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 $35.30 yesterday.
Analyst, Bobby Burleson, said, "We increase our price target and remain HOLD-rated on shares of XLNX due to opex headwinds on 28nm costs. Upside to revised guidance was driven by increased communications demand from Asia and North America, while industrial strength is behind the healthy outlook."
"XLNX’s price target of $35 is 20x our C2012 EPS estimate of $1.78, compared to a 16x multiple for our coverage universe."
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 $35.30 yesterday.
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