Goldman Sachs Neutral On XILINX

Goldman Sachs is out with a research report on XILINX Corp. XLNX and it has a Neutral rating and a $29 price target on shares. In a note to clients, Goldman Sachs writes, "We believe Xilinx will continue to benefit from robust trends in comms infrastructure spending, and recognize that the company is beginning to improve its share at 40 nm. However, we remain Neutral rated as it could be several quarters before these gains may become evident relative to Altera, and Xilinx's gains at 28 nm remain speculative at this stage. In addition, we believe new product ramps could translate to weaker margins in the near term." Shares of XLNX gained 50 cents yesterday to close at $28.86.