New York, October 16 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of Xilinx Inc (NASDAQ: XLNX). The 12-month target price is set to $35.
In a research note published on October 15, the analysts mention that on Wednesday, October 17, Xilinx will post results of F2Q13 and give guidance AMC. In the afternoon, a conference call to chat about results will take place. Furthermore, within the range of guidance, F2Q13 results of the company are expected to come.
In addition to this, being in line with the consensus at $548 million (-6 percent q/q)/$0.41 and at the midpoint of the Xilinx’s revenue guidance of down -4 percent to -8 percent q/q, revenues of F2Q13/EPS at $548 million (-6 percent q/q)/$0.41 have been modeled.
On the other hand, a risk is observed that the Xilinx Inc may perhaps post numbers at the lower end of the revenue guidance range and it is due to macro weakness. Besides, complete revenues have been modeled to fall -2 percent q/q, under “normal” cyclical growth of approximately 1 percent q/q, exclusive of the impact of an expected plunge of $25 million in last-time revenues of purchase.
Moreover, with revenues of Communications & Data Center down by -5 percent q/q (given the inventory digestion at 2 most important consumers), Industrial Aerospace and Defense segment down -10 percent q/q, Broadcast Automotive and Consumer segment down -2 percent q/q and further segments down -1 percent q/q, slumps across all sectors are expected. Total GM at 66 percent (flat q/q) and approximately flat opex (+$0.5 million q/q) have been modeled, the analysts add further.
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