February 19, 2013 at 08:57 AM EST
Bank of America/Merrill Lynch Upgrades Xilinx (XLNX)

Bank of America/Merrill Lynch reported on Tuesday that they have upgraded programmable logic solution company, Xilinx, Inc.(XLNX).

The firm has increased their rating on XLNX from “Neutral” to “Buy,” and have given the company a $45 price target. This price target suggests a 15% increase from the stock’s current price of $38.12.

Analysts see the company reaching a turning point in the second half of the year.

Xilinx shares were mostly flat during premarket trading Tuesday. The stock has increased 2% in the past year.

The Bottom Line
Shares of Xilinx, Inc.(XLNX) have a 2.31% yield, based on Friday’s closing price of $38.12.

Xilinx, Inc.(XLNX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here