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Xilinx (NASDAQ:XLNX) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday.

Xilinx (NASDAQ:XLNX) opened at 48.15 on Wednesday. Xilinx has a 52-week low of $42.84 and a 52-week 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 P/E ratio of 22.07.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Xilinx will post $2.45 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of Xilinx from $60.00 to $55.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Xilinx from $50.00 to $45.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $52.83.

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

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