UPDATE - Auriga Downgrades Xilinx (XLNX) to Hold; Continued Weakness in Carriers
Tweet
Share
E-mailGet Alerts XLNX Hot Sheet
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
Join SI Premium – FREE
UPDATE - Auriga downgrades Xilinx (Nasdaq: XLNX) from Buy to Hold. PT $39.
Auriga analyst said, "We downgrade Xilinx and reduce our price target as we scale back our estimates on a continued soft recovery in carrier capex. We also see increased threat to the wireless/base-station growth potential as we expect carriers to increasingly move to cost-efficient technologies like WiFi Offload/Small cells and Ethernet/IP/MPLS based wireless backhaul with lower FPGA content. While we continue to see XLNX ahead at 28nm and catching up at 40/45nm node, slower than expected ramp of high end SSIT technology may limit the share gains. While we continue to expect FPGA to outgrow the broader semiconductor industry, we scale back our top-line growth expectations to 8%-9% CAGR over the next five years on increased threat to wireless base-station and backhaul segments."
To see more ratings on XLNX, Click Here
Auriga analyst said, "We downgrade Xilinx and reduce our price target as we scale back our estimates on a continued soft recovery in carrier capex. We also see increased threat to the wireless/base-station growth potential as we expect carriers to increasingly move to cost-efficient technologies like WiFi Offload/Small cells and Ethernet/IP/MPLS based wireless backhaul with lower FPGA content. While we continue to see XLNX ahead at 28nm and catching up at 40/45nm node, slower than expected ramp of high end SSIT technology may limit the share gains. While we continue to expect FPGA to outgrow the broader semiconductor industry, we scale back our top-line growth expectations to 8%-9% CAGR over the next five years on increased threat to wireless base-station and backhaul segments."
To see more ratings on XLNX, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- JPMorgan Downgrades Limbach Holdings (LMB) to Underweight
- Beike (BEKE) PT Raised to $23 at Morgan Stanley
Create E-mail Alert Related Categories
Analyst EPS View, Analyst PT Change, DowngradesRelated Entities
AurigaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
