UPDATE: Nomura Reiterates on Xilinx Following Conference Call

In a report published Monday, Nomura analyst Romit Shah reiterated a Buy rating on

, and raised the price target from $50.00 to $60.00. In the report, Nomura noted, “We hosted a conference call with Xilinx's Victor Peng (GM of Products) and Jon Olson (CFO) to discuss their competitive positioning and the outlook for global carrier capex. Xilinx remains confident in exceeding $700mn in 28nm revenue this year, driven by multiple product families including Kintex, Virtex and Zynq. We believe Xilinx is the best component play on wireless infrastructure. The company has strong market share in wireless across all geographies: 70% in China, 60%-plus in the US and 50%-plus in Korea and Japan.” Xilinx closed on Friday at $53.03.