|Bid||68.51 x 200|
|Ask||69.85 x 100|
|Day's Range||68.50 - 69.74|
|52 Week Range||48.75 - 70.33|
|PE Ratio (TTM)||29.45|
|Dividend & Yield||1.40 (2.01%)|
|1y Target Est||N/A|
Drones offer huge investment opportunities as companies find limitless uses for these pilotless planes.
KeyBanc analyst John Vinh today relates having attended the “first annual developer forum” for programmable chip maker Xilinx (XLNX), the event itself being a sign Xilinx is getting more smarts in software tools to encourage use of its chips. Vinh, who has an Overweight rating on Xilinx stock, and a $70 price target, was encouraged by the fact "cloud-based breakout sessions at the developers forum were full and showed significant interest." He notes that by having Xilinx chips used by Amazon’s (AMZN) AWS cloud computing service, and by potentially others such as Baidu (BIDU) andHuawei, Xilinx is expanding the ease of programming, something where field-programmable gate arrays, or “FPGAs,” have always fallen short. Xilinx competes with FPGAs from Intel (INTC), which bought Xilinx competitor Altera, and from Lattice Semiconductor (LSCC), which last night saw its pending acquisition by a Chinese firm struck down by President Trump.
Xilinx (XLNX) shares have outperformed the industry. We are positive on the company's ongoing transition from FPGA provider to an all programmable devices producer.