UBS Maintains a 'Neutral' on Xilinx (XLNX); Results/Outlook Ahead as Cycle Bottoms
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Price: $194.92 --0%
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Xilinx (NASDAQ: XLNX) price target raised from $32 to $37.
UBS analyst says, "XLNX F3Q sales of $511m were ahead of our $496m estimate, as late quarter turns from key communications OEMs drove the upside. In addition, inventory destocking has largely ended, leading to a return of more typical ordering patterns and a solid +2-6% q/q sales guide, well ahead of our expected flat sales."
"We raise our F4Q12 sales/EPS estimates by 7%/29% to $531.0m/$0.40 and our full year F2012 estimates by 2%/12% to $2,213m/$1.91. We raise our F2013/14 sales estimates by 5% to $2,460m/$2,708m and EPS by 14%/11% to $2.22/$2.52. Xilinx’s 15-Feb Analyst day will provide F2013 target model and strategy updates."
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.
UBS analyst says, "XLNX F3Q sales of $511m were ahead of our $496m estimate, as late quarter turns from key communications OEMs drove the upside. In addition, inventory destocking has largely ended, leading to a return of more typical ordering patterns and a solid +2-6% q/q sales guide, well ahead of our expected flat sales."
"We raise our F4Q12 sales/EPS estimates by 7%/29% to $531.0m/$0.40 and our full year F2012 estimates by 2%/12% to $2,213m/$1.91. We raise our F2013/14 sales estimates by 5% to $2,460m/$2,708m and EPS by 14%/11% to $2.22/$2.52. Xilinx’s 15-Feb Analyst day will provide F2013 target model and strategy updates."
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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