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Xilinx (XLNX) Stock Gains on Earnings Beat, Jefferies Note

NEW YORK (TheStreet) -- Jefferies raised its price target for Xilinx (XLNX - Get Report) to $48 from $42 on Thursday, maintaining its "hold" rating for the programmable logic device supplier, following its positive fiscal second quarter financial results.

Shares of Xilinx were gaining 5.2% to $47.76 in morning trading.

The analyst firm raised its fiscal 2016 EPS estimates for the semiconductor company to $2.05 a share from $2 a share. Jefferies also raised its fiscal 2017 EPS estimates for Xilinx to $2.27 a share from $2.22 a share.

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