Merrill Lynch Maintains Their Buy Rating on Xilinx (XLNX)


In a report released today, Vivek Arya from Merrill Lynch maintained a Buy rating on Xilinx (NASDAQ: XLNX), with a price target of $95. The company’s shares opened today at $80.96, close to its 52-week high of $81.18.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 21.8% and a 59.3% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Applied Materials, and Kla-Tencor Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xilinx with a $85.11 average price target, a 5.1% upside from current levels. In a report issued on September 25, KeyBanc also maintained a Buy rating on the stock with a $90 price target.

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Based on Xilinx’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $190 million. In comparison, last year the company had a net profit of $168 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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