Hot Chip Stock Xilinx Scores Price-Target Hikes On 5G Business

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Two Wall Street firms raised their price targets on shares of chipmaker Xilinx ( XLNX ) based on the companys prospects in 5G wireless communications systems. "Xilinxs order momentum stands out in contrast with the weakening environment we see for overall semis currently," Baird analyst Tristan Gerra said in a note to clients. Xilinx is seeing continued momentum in 5G wireless and also gaining market share in industrial and automotive segments. Xilinx also has potential wins ahead for its field-programmable gate arrays from data center customers Alibaba ( BABA ) and Amazon.com ( AMZN ), Rakesh said. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor companies.

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