Vetr Downgrades Xilinx To Sell As The Stock Bounced Back

The Vetr crowd downgraded their rating for Xilinx, Inc. XLNX on Thursday, from 3 stars (Hold), issued two days ago, to 2 stars (Hold). At the time of the downgrade, crowd sentiment for Xilinx was edging cautious, with 57 percent of Vetr user ratings bearish.

On January 25, Xilinx reported a healthy Q3. The computer technology company posted $0.52 EPS compared to an estimated $0.49 and showed $585.68 million in earnings against an estimated $579.54 million. Xilinx spiked 1.5 percent in pre-market trading the following day, but receded quickly to close at $57.37, below its previous closing price of $59.56.

However, after several weeks, the price has climbed back and finished today at $59.55.

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Currently, the Vetr crowd's average target price for Xilinx is down at $54.24, which is below the average analyst target price of $57.00. Less than 2 percent of Vetr users are holding XLNX in their watch lists.