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Research analysts at Credit Suisse decreased their price objective on shares of Xilinx (NASDAQ:XLNX) from $50.00 to $45.00 in a report released on Wednesday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price would suggest a potential downside of 6.54% from the stock’s previous close.

Shares of Xilinx (NASDAQ:XLNX) opened at 48.15 on Wednesday. Xilinx has a 1-year low of $42.84 and a 1-year high of $55.59. The stock’s 50-day moving average is $47.38 and its 200-day moving average is $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 posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.62 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.56 earnings per share. Xilinx’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Xilinx will post $2.45 EPS for the current fiscal year.

A number of other firms have also recently commented on XLNX. Analysts at Jefferies Group cut their price target on shares of Xilinx from $53.00 to $48.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently 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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