Morgan Stanley Keeps a Buy Rating on Xilinx (XLNX)


In a report released today, Joseph Moore from Morgan Stanley maintained a Buy rating on Xilinx (XLNX), with a price target of $98. The company’s shares closed yesterday at $89.23.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 9.9% and a 53.8% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Texas Instruments, and Western Digital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xilinx with a $91.21 average price target.

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Based on Xilinx’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $216 million. In comparison, last year the company had a net profit of $168 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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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.

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