Xilinx, Inc. (NASDAQ:XLNX) Given a $70.00 Price Target at KeyCorp

KeyCorp set a $70.00 target price on Xilinx, Inc. (NASDAQ:XLNX) in a report published on Thursday morning. The firm currently has a buy rating on the programmable devices maker’s stock. KeyCorp also issued estimates for Xilinx’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.63 EPS, Q1 2019 earnings at $0.73 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.90 EPS.

Other equities analysts also recently issued reports about the stock. Jefferies Group LLC upped their price objective on shares of Xilinx from $55.00 to $60.00 and gave the company a hold rating in a research note on Friday, April 28th. Pacific Crest reaffirmed an overweight rating and set a $70.00 price objective on shares of Xilinx in a research note on Monday, May 8th. Instinet upped their price objective on shares of Xilinx from $45.00 to $50.00 and gave the company a reduce rating in a research note on Wednesday, May 24th. Raymond James Financial, Inc. reaffirmed a hold rating on shares of Xilinx in a research note on Thursday. Finally, Mizuho reaffirmed a neutral rating and set a $69.00 price objective (up from $68.00) on shares of Xilinx in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $64.38.

Shares of Xilinx (NASDAQ:XLNX) traded down 0.27% during mid-day trading on Thursday, reaching $63.67. The company’s stock had a trading volume of 2,166,300 shares. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 27.44 and a beta of 1.10. The company’s 50-day moving average is $65.47 and its 200 day moving average is $61.66. Xilinx has a 12 month low of $48.53 and a 12 month high of $68.68.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts anticipate that Xilinx will post $2.53 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.

In other news, insider Krishna Rangasayee sold 15,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $64.89, for a total transaction of $973,350.00. Following the sale, the insider now owns 15,555 shares in the company, valued at $1,009,363.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Moshe Gavrielov sold 400 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $67.73, for a total transaction of $27,092.00. Following the sale, the chief executive officer now owns 235,366 shares in the company, valued at approximately $15,941,339.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,600 shares of company stock worth $3,234,839. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC boosted its stake in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the last quarter. Whittier Trust Co. boosted its stake in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the last quarter. Huntington National Bank boosted its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 94.20% of the company’s stock.

Xilinx Company Profile

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.