Vetr upgraded shares of Xilinx, Inc. (NASDAQ:XLNX) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning. The firm currently has $70.95 target price on the programmable devices maker’s stock.
Several other equities research analysts also recently commented on XLNX. Wells Fargo & Company downgraded shares of Xilinx from an outperform rating to a market perform rating and set a $66.00 target price for the company. in a research report on Tuesday, May 23rd. Credit Suisse Group raised shares of Xilinx from a neutral rating to an outperform rating and boosted their target price for the stock from $65.00 to $70.00 in a research report on Monday, April 24th. BidaskClub raised shares of Xilinx from a buy rating to a strong-buy rating in a research report on Saturday, June 24th. Pacific Crest reissued an overweight rating and set a $70.00 target price on shares of Xilinx in a research report on Wednesday, June 21st. Finally, Mizuho reissued a hold rating and set a $64.00 target price on shares of Xilinx in a research report on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $64.57.
Xilinx (XLNX) traded down 1.60% during trading on Tuesday, reaching $62.54. The company’s stock had a trading volume of 1,589,463 shares. Xilinx has a 12 month low of $48.75 and a 12 month high of $68.68. The stock’s 50-day moving average is $65.39 and its 200 day moving average is $61.78. The company has a market cap of $15.55 billion, a P/E ratio of 26.73 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Xilinx will post $2.53 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be paid 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 payout ratio is 60.09%.
In other Xilinx news, insider Krishna Rangasayee sold 15,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $64.89, for a total value of $973,350.00. Following the transaction, the insider now directly owns 15,555 shares in the company, valued at $1,009,363.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Moshe Gavrielov sold 400 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.73, for a total transaction of $27,092.00. Following the completion of the transaction, the chief executive officer now owns 235,366 shares in the company, valued at $15,941,339.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,388 shares of company stock worth $4,235,482. Corporate insiders own 0.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC boosted its stake in shares of 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 shares of 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 shares of 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. First Mercantile Trust Co. boosted its stake in shares of 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. Finally, Huntington National Bank boosted its stake in shares of 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. Hedge funds and other institutional investors own 94.06% of the company’s stock.
About Xilinx
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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