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Technology Stocks : Semi Equipment Analysis
SOXX 296.92+0.1%Dec 1 4:00 PM EST

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From: Donald Wennerstrom1/20/2011 10:45:30 AM
2 Recommendations  Read Replies (1) of 95501
 
Miller Tabak Upgrades Xilinx (XLNX) to Buy; A Bottom in Fundamentals
January 20, 2011 8:30 AM EST

Miller Tabak upgraded Xilinx (NASDAQ: XLNX) to Buy.

Miller analyst says, "We have worried for several quarters that XLNX fundamentals could deteriorate on earlier over shipment into communications and industrial end markets. We believe that this adjustment is behind the company and are more comfortable projecting growth into fiscal 2012. Taping out 28nm products is an important milestone to argue against the bears on the stock and we are of the opinion that the company is will positioned to capitalize on the build out of LTE and optical networks in the next two years.

We raise our EPS for fiscal 2012 and upgrade the stock to buy. Our target of $38 is 16x our new EPS assumption of $2.38 for fiscal 2012."

streetinsider.com
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