FBR Capital Markets Analyst Christopher Rolland recently issued a “buy” rating for Xilinx, Inc. (XLNX). He says Xilinx, along with Altera, has a duopoly on the programmable logic device — PLD — market.
“They both have had a pretty rough go of it recently,” Rolland says. “It’s finally getting to the point where comps are actually beatable and those guys can begin to show growth again.”
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Rolland says the markets that are beginning to heat up for Xilinx include industrial, auto and some of their more traditional markets like broadcast and test and measurement. Eventually, he believes the company will see a pickup in aerospace and defense, and possibly communications, which he says has been a particularly challenging market for semiconductors in recent years.
“But overall we think the PLD companies have good economy of scale, and we like the fact that they have this duopoly,” Rolland says. “We also think they have good growth and are poised for higher growth this year.”
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