UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Xilinx

In a report published Friday, Jefferies & Company reiterated its Hold rating on Xilinx

, and slightly raised its price target from $36.00 to $37.00. Jefferies noted, “After Xilinx's CQ4 miss, we are incrementally more cautious on the stock, as we believe Moore Stress increases high-end FPGA vulnerability to disruption by mature node ASIC/ASSPs. We think the risk is higher in low-cost wireless base station for 3G/4G, which management appears optimistic would be a growth driver. We lower our estimates and reiterate our Hold rating.” Xilinx closed on Thursday at $36.44.