Xilinx this afternoon posted mixed results for its fiscal third quarter ended December 29.
FORBES: Xilinx FY Q3 Sales Miss; EPS Beats; Shares Tick Higher
Back in 1995 Xilinx Corp. xlnx ( xlnx) was on top of the world.
He notes that he still prefers Altera to Xilinx, though both are now Neutral rated.
Xilinx, he points out, uses that facility as well, along with a Toshiba foundry in Oita.
Xilinx this afternoon reported mixed results for its fiscal second quarter ended September 29.
FORBES: Xilinx Posts Mixed FY Q2; Q3 Guidance Misses Street Ests
On the other hand, Xilinx is an example of strength in the semiconductor sector.
Your tech package, for instance, would include Microsoft, Intel, Xilinx, EMC, Nokia and Dell.
Get the latest on semiconductor stocks, from Altera to Xilinx in Next Inning Technology Research.
Almost three years later Xilinx has lost its sheen after suffering through two years of minuscule growth.
Most analysts think investors should stand pat on Xilinx, with 12 of 19 analysts rating it hold.
They are, in order, Applied Materials, KLA-Tencor, Intel, Analog Devices and Xilinx.
FORBES: Intel, Applied Materials Among Top 5 Semiconductor Bargains
The other vice presidents kept silent, says Steel, who had previously been chief financial officer at chipmaker Xilinx.
Other competitors in the technology sector include: Lattice Semiconductor (LSCC), Xilinx (XLNX), and Texas Instruments (TXN).
On the edge, the law benefits programmable logic vendors Altera and Xilinx and programmable node makers EZchip and NetLogic.
Ericsson was more than a 10% customer for Xilinx in the latest quarter.
FORBES: Xilinx FY Q4 Tops Street, As FPGAs Gain Ground; Shrs Rally
Extraordinary volatility: Both Altera and Xilinx are closely followed stocks that can swing dramatically on the slightest bit of news.
We encourage our customers to do their first production batch with FPGAs, says Willem Roelandts, chief executive of San Jose-based Xilinx.
Their clients are mostly in the semiconductor field and include Xilinx and Broadcom in the U.S. and Chartered Semiconductor in Singapore.
Before plunking down cold cash for shares in PLD (Programmable Logic Device) makers Xilinx Corp. or Altera Corp. (see feature), be very careful.
This morning, he raised his ratings on Texas Instruments (TXN), Xilinx (XLNX) and ON Semicondcutor (ONNN) to Overweight from Neutral.
FORBES: Chips: J.P. Morgan Turns Bullish; Upgrades TXN, XLNX, ONNN
The most highly valued of our semiconductor picks, Xilinx, sells at a 25% premium, and Analog Devices carries a premium of just 12%.
FORBES: Intel, Applied Materials Among Top 5 Semiconductor Bargains
Xilinx shares are trading modestly higher this morning after Goldman Sachs analyst James Schneider upped his rating on the stock to Neutral from Sell.
While Xilinx only provides guidance a quarter at a time, the company confirmed its previous forecast for 5-year compounded growth in the 8%-12% range.
FORBES: Xilinx FY Q4 Tops Street, As FPGAs Gain Ground; Shrs Rally
After all, the PLD industry is expected to grow very fast and essentially the market boils down to a two-horse race between Altera and Xilinx.
In the past, inventory corrections have lasted 2-3 quarters at Xilinx, and therefore it appears the company is most of the way through the correction.
FORBES: Chips: J.P. Morgan Turns Bullish; Upgrades TXN, XLNX, ONNN
Not surprisingly, given the legal profession, Altera is also suing Xilinx.
Covello writes that he sees the most downside risk in the chip sector for Xilinx (XLNX), Micron (MU) and Advanced Micro Devices (AMD).
FORBES: Chip, Semi Equipment Stocks At Risk Of Major Slide, Goldman Analyst Warns
Xilinx (XLNX) is expected to report poor first quarter earnings on Wednesday, July 18, 2012 with analysts expecting a 19.6% drop in earnings from a year ago.
Second-hand Asian flu: Xilinx's and Altera's customers are primarily in the data processing, communications and networking industries--all of which are suffering some effects from the Asian meltdown.
Yet their valuation scores relative to the market range from a high of just the 52nd percentile for Xilinx down to the 7th percentile for Applied Materials.
FORBES: Intel, Applied Materials Among Top 5 Semiconductor Bargains
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