Analysts are Increasing Price Targets of Tesla and 4 Other Stocks

4. Xilinx, Inc. (NASDAQ:XLNX)

Number of Hedge Fund Holders: 59    

Xilinx, Inc. (NASDAQ:XLNX) recently posted earnings results for the third quarter, beating market expectations on earnings per share and revenue by $0.16 and $45 million respectively. The firm has been acquired by chipmaker AMD in a deal worth $35 billion and is awaiting the formal go-ahead for merging into AMD. The purchase has been received positively by the market, with AMD price targets also raised recently by analysts to reflect the strength of the company after the merger. 

Truist analyst William Stein raised the price target on Xilinx, Inc. (NASDAQ:XLNX) stock to $180 from $143 but maintained a Hold rating on October 28, noting that the firm had posted strong quarterly results with broad sales upside across end markets. 

At the end of the second quarter of 2021, 59 hedge funds in the database of Insider Monkey held stakes worth $4.1 billion in Xilinx, Inc. (NASDAQ:XLNX), up from 57 the preceding quarter worth $3.5 billion.