Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating on Xilinx Inc (XLNX) today and set a price target of $165. The company’s shares closed last Monday at $100.83.
Mosesmann said:
“We had Xilinx Sr. Director of IR a day of meetings yesterday, August 28, in NYC and share key points of interest and/or discussion with investors. 5G Huawei Update? Xilinx remains restricted in selling advanced and currently can only ship 28nm or older process node solutions which place the exposure to Xilinx now in the low- single digits and de-risked of 5G Huawei exposure and 5G ASIC Huawei transitions by definition.”
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 12.3% and a 59.4% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Texas Instruments, and Lattice Semicon.
Xilinx Inc has an analyst consensus of Moderate Buy, with a price target consensus of $132.33, a 32.4% upside from current levels. In a report issued on August 26, KeyBanc also reiterated a Buy rating on the stock with a $130 price target.
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The company has a one-year high of $141.60 and a one-year low of $68.76. Currently, Xilinx Inc has an average volume of 3.18M.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XLNX in relation to earlier this year.
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Xilinx, Inc. engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support.
