CNET también está disponible en español.

Ir a español

Don't show this again

iOS 14 public beta Skype vs. Zoom Ready Player One sequel Meet the new Batwoman NASA astronaut captures view of comet Facebook civil rights audit

Xilinx shares get a lift

Xilinx shares hustled up $6.50, or 8 percent, to $86.19 Thursday after Chase H&Q upgraded the programmable logic device maker from a "buy" rating to a "strong buy."

Analyst Sudeep Balain also bumped its 12-month price target to $105 a share from $85 a share and predicted it would top forecasts of 15 percent quarter-over-quarter growth in its second quarter.

Xilinx (Nasdaq: XLNX) shares soared up to a 52-week high of $98.31 in June after falling to a low of $31.88 last September.

In the first quarter, Xilinx beat the Street estimate by 2 cents a share when it posted a profit of $93.8 million, or 27 cents a share, on sales of $364.9 million.

A survey of analysts by First Call Corp. consensus expects it to earn 30 cents a share in the second quarter and $1.27 a share in the fiscal year.

Competitors Actel (Nasdaq: ACTL) and Altera (Nasdaq: ALTR) were enjoying solid gains as well Thursday, up $2.19 and $1.69 a share, respectively.

Twenty-two of the 24 analysts covering Xilinx rate it either a "buy" or "strong buy."