Merrill Lynch Keeps a Buy Rating on Xilinx (XLNX)

By Jason Carr

In a report released yesterday, Vivek Arya from Merrill Lynch reiterated a Buy rating on Xilinx (XLNXResearch Report), with a price target of $143. The company’s shares closed yesterday at $118.90.

According to, Arya is a 5-star analyst with an average return of 17.2% and a 59.0% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Cypress Semicon, and Broadcom.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xilinx with a $131.75 average price target, a 10.8% upside from current levels. In a report issued on April 17, Deutsche Bank also maintained a Buy rating on the stock with a $125 price target.

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Based on Xilinx’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $245 million. In comparison, last year the company had a net profit of $166 million.

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Xilinx, Inc. engages in designing and developing programmable devices and associated technologies. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V. Barnett II in February 1984 and is headquartered in San Jose, CA.