Credit Suisse Upgrades Xilinx to "Outperform" (XLNX)

Credit Suisse Upgrades Xilinx to “Outperform” (XLNX)

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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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