JP Morgan Reports on Xilinx

Citigroup commented on Xilinx XLNX in a report released today. In the report, Citigroup was positive in its assessment of the company. Citigroup writes, "We believe Xilinx has at least caught up to if not passed Altera at the leading-edge 28 nm node after moving to TSMC for its new products. Xilinx has already sampled two of its four families of 28 nm products versus only one at Altera. We expect Xilinx to introduce all four of its product families roughly six months before Altera does." Citigroup currently has an Overweight rating on XLNX and a target price of $40. Shares of XLNX closed at $34.67 on Wednesday, down 2.83% on the day.