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Credit Suisse Upgrades Xilinx to “Outperform” (XLNX)
On Monday Credit Suisse upgraded Xilinx, Inc. (XLNX
) as the analysts believe the microchip maker will see higher end market demand in 2013.
The analysts upgraded XLNX from “Neutral” to “Outperform” and see shares reaching $42. This target suggest a +17% upside to Friday’s closing price of $35.80.
Xilinx shares were up 21 cents, or +0.59%, during morning trading on Monday. The stock is up +9.09% over the past year.
The Bottom Line
Shares of Xilinx (XLNX) have a 2.46% dividend yield, based on Friday’s closing stock price of $35.80. The stock has technical support in the $32-$33 price area. If the shares can firm up, we see overhead resistance around the $37-$38 price levels.
Xilinx, Inc. (XLNX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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