Xilinx designs programmable platforms, used to make the microprocessors that go into personal computers. As the PC end market sees stronger-than-expected demand, demand for Xilinx's equipment should remain strong. J.P. Morgan rates Analog Devices shares "overweight" with a $40 price target.
Analysts polled by Thomson Reuters expect Xilinx to record $530.48 million in revenue and earn 40 cents per share in the first-quarter. In a Feb. 29 research report, Danley wrote, "We believe Xilinx is experiencing a secular increase in margins due to its recent shift to Taiwan Semiconductor Manufacturing Co. (TSMC) as well as better cost controls. Xilinx had an all-time high of 35.9% operating margin in C3Q10 and we expect that to be exceeded driven by higher gross margins via moving to TSMC and lower operating expenditures."TheStreet Ratings rates Xilinx "buy" with an A grade and a price target of $43.26. Shares have gained 13.59% since the start of 2012.
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