Jefferies Maintains a 'Hold' on Xilinx (XLNX); Executing, But Wait For Lower Entry Point

Jefferies maintains a 'Hold' on Xilinx (NASDAQ: XLNX) price target of $36.00 (from $37.00).

Analyst, Mark Lipacis, said, "We remain Hold rated on XLNX after it beat JunQ expectations but guided for SepQ results to come in below consensus expectations. The company is executing on its new 28nm platform ramp, as well as on its 40nm product cycle, and we view it as a play on LTE infrastructure, we prefer a better entry point."

FY13 EPS estimate raised from $1.81 to $1.85 and FY14 from $2.18 to $2.21.

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 $32.01 yesterday.

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