Schaeffer's Top Stock Picks for '25

Apple Supplier Lifts Off On Sunny Forecast

Several analysts came in with price-target hikes

Digital Content Manager
Jun 30, 2020 at 9:22 AM
facebook X logo linkedin


Semiconductor concern Xilinx, Inc. (NASDAQ:XLNX) last night lifted its fiscal first-quarter revenue forecast, citing easing restrictions on sales to Chinese companies. The announcement sparked no less than five price-target hikes, the highest being from Rosenblatt Securities to $120 from $150. At last check, XLNX is up 5.1% at $96.60. 

A broader look at analyst sentiment shows, coming into today, the Apple (AAPL) supplier's 12-month consensus price target sat at $100.38, which is a 9.2% premium to last night's close. There is plenty of room for upgrades among the brokerage bunch, too. Just four covering the stock call it a "buy" or better, compared to the 14 saying "hold" or worse. 

This caution isn't completely unfounded. XLNX is looking at a one-year deficit of roughly 22%, with pressure near the $97 mark, which also coincides with the stock's year-to-date breakeven, putting some added weight on the shares. On the other hand, Xilinx stock has distanced itself from its mid-March two-year low of $67.68 -- up 42.7% since then -- with solid support at its 40-day moving average directly below. 

The options pits also lean bearish, per XLNX's 10-day put/call volume ratio of 1.19 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands higher than 87% of readings from the past year, suggesting this appetite for long puts is unusual. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));