Xilinx sell-off brings 'great' entry point, says FBR Capital FBR Capital says the post-earnings sell-off in shares of Xilinx provides a "great" entry point into the name. FBR lowered its price target for Xilinx to $62 from $65 and keeps an Outperform rating on the stock. Shares were downgraded this morning at three firms.
Xilinx announces $800M share repurchase plan Xilinx announced that its Board of Directors has granted an authorization for the company to repurchase up to $800M of its common stock, or approximately 7% of its outstanding shares at the current stock price. Since fiscal 2010, the company has repurchased approximately 50M shares for approximately $1.6B. Timing of repurchases and exact number of shares of common stock to be purchased will depend upon prevailing market conditions and other factors.