Credit Suisse Maintains Their Buy Rating on Xilinx


Credit Suisse analyst John Pitzer maintained a Buy rating on Xilinx (NASDAQ: XLNX) yesterday and set a price target of $85. The company’s shares closed yesterday at $71.47.

According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 22.5% and a 74.3% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Microchip.

Xilinx has an analyst consensus of Moderate Buy, with a price target consensus of $76.75.

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Based on Xilinx’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $166 million. In comparison, last year the company had a net profit of $153 million.

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Xilinx, Inc. engages in designing and developing programmable devices and associated technologies. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V. Barnett II in February 1984 and is headquartered in San Jose, CA.