Xilinx (NASDAQ: XLNX) has recently received a number of price target changes and ratings updates:
- 7/27/2017 - Xilinx was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 7/27/2017 - Xilinx was given a new $75.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
- 7/27/2017 - Xilinx was given a new $70.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
- 7/27/2017 - Xilinx had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $69.00 price target on the stock, up previously from $68.00.
- 7/27/2017 - Xilinx had its “hold” rating reaffirmed by analysts at Raymond James Financial, Inc..
- 7/27/2017 - Xilinx was given a new $65.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
- 7/26/2017 - Xilinx was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $70.95 price target on the stock.
- 7/26/2017 - Xilinx had its “hold” rating reaffirmed by analysts at Rosenblatt Securities. They wrote, “We expect to Xilinx to report June quarter sales and EPS of $615 million (up 0.9% q/q) and $0.60 respectively which are also consensus. Outlook we ex- pect for the September quarter we view as flat-to-down in terms of sales which is seasonal off of stable communications business and continued positive trends in the company’s Advanced Products which are gaining share in the broader FPGA market segments in our opinion.””
- 7/20/2017 - Xilinx had its “hold” rating reaffirmed by analysts at Vetr.
- 7/19/2017 - Xilinx was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 7/18/2017 - Xilinx was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating. They now have a $60.00 price target on the stock, up previously from $53.00.
- 7/10/2017 - Xilinx was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock, up previously from $68.00.
- 6/26/2017 - Xilinx was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $69.47 price target on the stock.
- 6/24/2017 - Xilinx was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
- 6/21/2017 - Xilinx had its “overweight” rating reaffirmed by analysts at Pacific Crest. They now have a $70.00 price target on the stock.
- 6/19/2017 - Xilinx was upgraded by analysts at Vetr from a “sell” rating to a “buy” rating. They now have a $69.47 price target on the stock.
- 6/16/2017 - Xilinx had its “mkt perform” rating reaffirmed by analysts at Raymond James Financial, Inc..
- 6/12/2017 - Xilinx had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $72.00 price target on the stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down 0.97% during midday trading on Friday, reaching $63.22. 818,755 shares of the company’s stock were exchanged. Xilinx, Inc. has a 12 month low of $48.53 and a 12 month high of $68.68. The company has a market cap of $15.68 billion, a P/E ratio of 27.25 and a beta of 1.10. The firm has a 50 day moving average price of $65.60 and a 200 day moving average price of $61.63.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.41% and a net margin of 26.50%. The company had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Xilinx’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Xilinx, Inc. will post $2.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
In other news, insider Krishna Rangasayee sold 15,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $64.89, for a total transaction of $973,350.00. Following the completion of the transaction, the insider now owns 15,555 shares of the company’s stock, valued at $1,009,363.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Moshe Gavrielov sold 15,300 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $64.78, for a total value of $991,134.00. Following the transaction, the chief executive officer now directly owns 245,066 shares of the company’s stock, valued at approximately $15,875,375.48. The disclosure for this sale can be found here. Insiders have sold 49,600 shares of company stock valued at $3,234,839 in the last three months. 0.40% of the stock is owned by insiders.
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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