Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

Xilinx Starts its Fiscal 2018 on a High Note; Raising FVE to $55, Shares Remain Overvalued

Xilinx reported fiscal first-quarter results ahead of our expectations and on track with the goals set at its analyst day in May. We note sustainable top-line growth has been difficult for the field-programmable gate arrays, or FPGA, leader to achieve in prior years due to the cyclical forces prevalent in the numerous end-markets to which the firm is exposed. Looking ahead, we believe this dynamic will reverse as FPGAs are increasingly leveraged in burgeoning markets such as automotive. The firm...
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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