Did Xilinx's Earnings Change Wall Street's Mind About The Stock?

Shares of Xilinx, Inc. XLNX are up more than 12.5 percent this week following a big Q4 revenue beat. But should traders now be taking profits on Xilinx, or is there more upside in coming months?

Here’s what top firms have to say about the stock now.

Deutsche Bank

Analyst Ross Seymore believes the stock is now fully valued, but “M&A remains a wild card.”

The firm has a Hold rating and $46 target on the stock.

Jefferies

Analyst Mark Lipacis likes the company’s “strong new product growth in most end markets” in Q4.

The firm maintains its Hold rating and upped its price target from $48 to $49.

Related Link: What Does Wall Street Think Of Starbucks' Earnings?

JMP Securities

Analyst Alex Gauna called the company “a prime acquisition target” and noted its in-line 2016 guidance.

The firm has a Market Outperform rating and $55 target for the stock.

MKM Partners

Analyst Ian Ing said the positive market reaction to earnings was “likely driven more by additional ‘smoke’ as a potential M&A target.”

The firm maintains its Neutral rating and $46 price target.

Nomura

Analyst Romit Shah likes the revenue strength and Nomura “expects the stock to trade higher.”

The firm maintains a Neutral rating and upped its price target from $41 to $43.

Pacific Crest

Analyst John Vinh called the Q4 results “much better than feared.”

The firm has an Overweight rating and $60 target for the stock.

Disclosure: The author has no position in the stocks mentioned.