Xilinx downgraded at BMO Capital As noted earlier, BMO Capital downgraded Xilinx to Market Perform from Outperform. The firm thinks the company is facing a number of headwinds, including peaking 28-nm share, continued uncertainty around its LTE rollout, and high valuation. Target to $42 from $60.
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.