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January 2, 2014
06:19 EDTXLNXXilinx upgraded to Buy from Neutral at Goldman
Goldman upgraded Xilinx to reflect benefits from LTE rollouts in China and Europe and increased 28nm growth in 2014. Price target raised to $52 from $45.
News For XLNX From The Last 14 Days
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April 24, 2014
12:50 EDTXLNXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following reports from some of the biggest names in technology and ahead of reports tonight from several other tech giants. The averages opened in positive territory, with the tech-heavy Nasdaq up more than 1% soon after the opening bell. The index was unable to hold its early gains and moved into negative territory, taking the other major averages with it. The indexes were able to keep their losses to a minimum and eventually regrouped and made it back onto positive ground, where they stood near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 24K from the prior week to 329K in the week ended April 19, which was above the 315K consensus forecast of analysts, though there may have been some impact from Easter as the Bureau of Labor Statistics noted difficulty adjusting the data around the holiday. Durable goods orders rose 2.6% in March, beating the 2.0% increase that was forecast. Outside the U.S., Russia said it launched military exercises along the Ukrainian border after Ukrainian forces killed pro-Russian militants. COMPANY NEWS: Shares of Apple (AAPL) advanced more than 8% after the company reported significantly better than expected quarterly earnings and sales, particularly sales of its iPhone. Apple also announced a 7-for-1 stock split that will take effect in June, along with an 8% increase in its quarterly dividend and a $30B increase in its share repurchase authorization. Following last night's report, CLSA upgraded its rating on Apple shares to Buy from Outperform and raised its price target for the stock to $695 from $610, while Jefferies recommended "aggressively" buying shares following the Q2 results and outlook for Q3... Another tech giant, Facebook (FB), also reported earning and revenue that topped expectations last night, sending its shares higher in after-hours trading and prompting a number of price target hikes among Street analysts. However, Facebook also announced that its CFO David Ebersman will step down, to be succeeded by David Wehner, who is currently the company's Vice President of Corporate Finance and Business Planning. The social network operator traded on both sides of the flat-line this morning, but was up a bit over 1% at midday... Shares of General Motors (GM) fell about 2% after the company reported profits that narrowly edged out expectations but revenues that fell short of expectations. GM said its core operating performance has been on plan for the year CEO Mary Barra said the company has seen "no meaningful slowdown" in its U.S. sales despite the negative publicity related to its ongoing ignition switch recall and associated legal matters. MAJOR MOVERS: Among the notable gainers was orthopedic device maker Zimmer Holdings (ZMH), which climbed 11% after it agreed to merge with privately held Biomet in a cash and stock transaction valued at about $13.35B, including the assumption of net debt. Also higher following their earnings reports were Citrix Systems (CTXS), which rose 10%, D.R. Horton (DHI), which gained more than 7%, and Aetna (AET), which advanced 6%. Among the noteworthy losers was chip making giant Qualcomm (QCOM), which slid 3.5% despite reporting profits that beat expectations and raising its yearly EPS outlook, as the company also disclosed the receipt of a notice from the SEC about a potential filing of an enforcement action against the company related to anti-bribery violations. Also lower following their earnings reports were Xilinx (XLNX), which fell about 9%, Raytheon (RTN), which dropped 4%, and Hershey (HSY), which also declined about 4%. INDEXES: Near midday, the Dow was up 19.49, or 0.12%, to 16,521.14, the Nasdaq was up 25.91, or 0.63%, to 4,152.87, and the S&P 500 was up 5.35, or 0.29%, to 1,880.74.
10:25 EDTXLNXXilinx falls after earnings miss, levels to watch
Shares are down over 8.4% to $47.96 at time of writing, off the low of the day at $47.31 which is currently support. Support below $47.31 is at $46.78. Resistance is at $48.62.
10:00 EDTXLNXOn The Fly: Analyst Downgrade Summary
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08:59 EDTXLNXOn The Fly: Pre-Market Movers
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07:31 EDTXLNXXilinx weakness a buying opportunity, says FBR Capital
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05:51 EDTXLNXXilinx downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Xilinx to Neutral following the company's Q1 results citing valuation and margin concerns. The firm has a $50 price target for shares.
April 23, 2014
19:13 EDTXLNXOn The Fly: After Hours Movers
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16:30 EDTXLNXXilinx sees Q1 sales flat to up 4% sequentially
Q1 revenue consensus $638.35M.
16:29 EDTXLNXXilinx reports Q4 EPS 53c, consensus 55c
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15:41 EDTXLNXNotable companies reporting after market close
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April 21, 2014
14:38 EDTXLNXXilinx management to meet with Pacific Crest
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April 14, 2014
09:00 EDTXLNXXilinx falls 9%
Xilinx is down 9%, or $4.61, to $46.74

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