Auriga Maintains a 'Buy' on Xilinx (XLNX); Raising PT After Upbeat Analyst Day
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Price: $194.92 --0%
Rating Summary:
8 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
8 Buy, 28 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Auriga maintains a 'Buy' on Xilinx (NASDAQ: XLNX) price target raised from $40 to $42.
Auriga analyst says, "In our view, the company was clearly more aggressive and confident about potential for large share gains (70%+) at the 28nm node, which combined with its claims of expected share gains in CY12/13 versus Altera (Nasdaq: ALTR)(Hold) suggests a key inflection point for the company. XLNX's claims for 70%+ share at 28nm design wins reinforces our conviction on significant share gain potential for the company; which also seems to be supported by our industry checks and recent reports of a significant reorganization at ALTR. While the opex for FY13 was guided slightly higher than expected ($870mln versus our $855mln), we view it positively as we expect additional 28nm investments to contribute to share gains and higher growth in the future."
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 $36.45 yesterday.
Auriga analyst says, "In our view, the company was clearly more aggressive and confident about potential for large share gains (70%+) at the 28nm node, which combined with its claims of expected share gains in CY12/13 versus Altera (Nasdaq: ALTR)(Hold) suggests a key inflection point for the company. XLNX's claims for 70%+ share at 28nm design wins reinforces our conviction on significant share gain potential for the company; which also seems to be supported by our industry checks and recent reports of a significant reorganization at ALTR. While the opex for FY13 was guided slightly higher than expected ($870mln versus our $855mln), we view it positively as we expect additional 28nm investments to contribute to share gains and higher growth in the future."
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 $36.45 yesterday.
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