Canaccord Genuity Maintains a 'Hold' on Xilinx (XLNX); LTE Demand Up, Gross Margins Under Pressure
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Price: $194.92 --0%
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Hold' on Xilinx (NASDAQ: XLNX) price target of $37.00.
Analyst, Bobby Burleson, said, "We remain HOLD-rated for shares of XLNX given limited margin leverage, despite last night’s beat and raise on a broad recovery which included a pick up in LTE base station demand. XLNX’s ramp of new products on advanced nodes is pressuring gross margins slightly in the near term, while capacity constraints on advanced nodes may limit revenue upside, in our view."
Canaccord raises forward estimates.
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 $34.33 yesterday.
Analyst, Bobby Burleson, said, "We remain HOLD-rated for shares of XLNX given limited margin leverage, despite last night’s beat and raise on a broad recovery which included a pick up in LTE base station demand. XLNX’s ramp of new products on advanced nodes is pressuring gross margins slightly in the near term, while capacity constraints on advanced nodes may limit revenue upside, in our view."
Canaccord raises forward estimates.
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 $34.33 yesterday.
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