BofA/Merrill analyst Vivek Arya downgraded Xilinx to Neutral and lowered his price target to $115 from $150 after the company announced a "sudden" departure of its CFO Lorenzo Flores last night for another firm. The analyst also notes that even though the current quarter has 11 days remaining, the company did not not affirms its Q3 earnings guidance, which is "surprising". Arya further cites heightened competition in "5G base station silicon" along with a slower ramp in the data center, adding that while he remains positive on Xilinx's long-term potential, the near-term upside on the stock may be capped given the uncertainty.