Xilinx Inc (XLNX) Received its Third Buy in a Row

By Ryan Adsit

After Mizuho Securities and KeyBanc gave Xilinx Inc (NASDAQ: XLNX) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Hans Mosesmann maintained a Buy rating on Xilinx Inc today and set a price target of $165. The company’s shares closed yesterday at $132.14, close to its 52-week high of $141.60.

According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 14.8% and a 62.8% success rate. Mosesmann covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Texas Instruments, and Lattice Semicon.

Currently, the analyst consensus on Xilinx Inc is a Moderate Buy with an average price target of $129.89, a -1.7% downside from current levels. In a report issued on July 10, Mizuho Securities also maintained a Buy rating on the stock with a $135 price target.

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The company has a one-year high of $141.60 and a one-year low of $68.76. Currently, Xilinx Inc has an average volume of 4.24M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

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Xilinx, Inc. engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support.