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Xilinx, Inc. (XLNX) Upgraded to ‘Buy’ by Goldman Sachs on Expectation of Continued Market Share Gains

Xilinx, Inc. (NASDAQ:XLNX) the provider of programmable logic devices, saw a 2.15% increase in its stock price after Goldman Sachs updated the company’s rating to ‘Buy’ from Neutral. According to analyst James Covello, the comms infrastructure is set to witness an inflection, leading to continued market share gains.

Covello said, “Our bullish view is based on the following:

1) Semi shipments into the comms market (40% of sales) are undershipping normalized demand by 25-30%, with Xilinx stating at recent investor events that its wireless sales within...