Xilinx (XLNX +2.5%) makes new 52-week highs following an upgrade to Buy from BofA/Merrill. The...

|By:, SA News Editor

Xilinx (XLNX +2.5%) makes new 52-week highs following an upgrade to Buy from BofA/Merrill. The firm sees a 2H pickup in telecom capex boosting demand for Xilinx's FPGAs from telecom equipment clients, and also thinks the chipmaker's March 5 analyst day could serve as a catalyst. Xilinx's Communications & Data Center sales rose just 2% Y/Y in Q4, and made up 47% of revenue.