Microsoft Corp MSFT:NASDAQ

Last Price$259.62NASDAQ Previous Close - Last Trade as of 3:58PM ET 5/24/22

Today's Change-1.03(0.40%)
Bid (Size)$261.70 (1)
Ask (Size)$261.90 (3)
Day Low / High$253.50 - 261.33
Volume29.0 M

Research Alert: CFRA Keeps Holds Opinion On Shares Of Xilinx, Inc.

12:25AM ET 1/27/2022 MT Newswires
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reduce our 12-month target price to $191 from $204, based on an above peer P/E of 39.8x our FY 24 (Mar.) view, which we initiate at $4.81, to reflect the pending Advanced Micro Devices acquisition. We increase our FY 22 estimate to $4.34 from $4.05 and keep FY 23 at $4.52. XLNX posts Dec-Q EPS of $1.29 vs. $0.78, beating the $1.02 consensus. Shares currently trade at about an 8% discount to AMD's stock price based on deal terms as we await necessary approval from China. The deal is seen closing by the end of March. Sales grew 26%, better than expected, led by a 35% increase from advanced products while core products grew a paltry 3%. Data Center revenue surged 81%, driven by compute and networking strength. We believe the platform transformation remains a bright spot, with total Adaptive SoC revenue (includes Zynq and Versal platforms) up 30% and about 28% of sales. Supply constraints had a negative impact on the Wired and Wireless Group, which witnessed an 18% sequential drop (up 1% versus prior year).