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Equities research analysts at Jefferies Group reduced their target price on shares of Xilinx (NASDAQ:XLNX) from $53.00 to $48.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential downside of 0.31% from the company’s current price.

Shares of Xilinx (NASDAQ:XLNX) opened at 48.15 on Wednesday. Xilinx has a one year low of $42.84 and a one year high of $55.59. The stock has a 50-day moving average of $47.38 and a 200-day moving average of $48.85. The company has a market cap of $12.942 billion and a price-to-earnings ratio of 22.07.

Xilinx (NASDAQ:XLNX) last released its earnings data on Tuesday, July 22nd. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.01. The company had revenue of $612.60 million for the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Xilinx will post $2.45 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on XLNX. Analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday, June 13th. They now have a $48.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Xilinx from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $49.00 price target on the stock, down previously from $55.00. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Xilinx currently has a consensus rating of “Buy” and an average target price of $52.83.

Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.

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