UPDATE: Jefferies Lowers PT on Xilinx Corp. from $37 to $46.
Jefferies reiterated a Hold rating on Xilinx Corp (NASDAQ: XLNX) and lowered its price target from $37 to $36.
Jefferies noted, “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.”
Xilinx Corp closed at $32.01 on Wednesday.
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