Report
Abhinav Davuluri
EUR 98.48 For Business Accounts Only

Xilinx Reiterates Aggressive Growth Targets at Analyst Day; Shares Remain Overvalued

Xilinx management outlined its expectations for the firm at its annual analyst day on May 22, including a focus on the burgeoning opportunities within cloud computing and automotive. While the firm’s expected revenue growth for fiscal 2018 is in line with our internal model, we continue to view shares as overvalued relative to our unchanged fair value estimate of $50 per share, a reflection of the competitive pressures from Intel-Altera and Nvidia that we think will limit longer-term growth for ...
Underlying
Xilinx Inc.

Xilinx designs and develops programmable devices and associated technologies, including: integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips and three-dimensional ICs; Adaptive Compute Acceleration Platform, a multi-core heterogeneous compute platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP), which consists of the company and third-party verification and IP cores. In addition to its programmable platforms, the company provides design services, customer training, field engineering and technical support.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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