Vetr upgraded shares of Xilinx, Inc. (NASDAQ:XLNX) from a hold rating to a buy rating in a research note issued to investors on Wednesday, July 26th. The firm currently has $70.95 price target on the programmable devices maker’s stock.
A number of other research analysts have also recently issued reports on the stock. Rosenblatt Securities reissued a hold rating on shares of Xilinx in a research report on Wednesday, July 26th. BidaskClub cut shares of Xilinx from a strong-buy rating to a buy rating in a research report on Wednesday, July 19th. Barclays PLC raised shares of Xilinx from an underweight rating to an equal weight rating and lifted their price target for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Jefferies Group LLC raised shares of Xilinx from a hold rating to a buy rating and lifted their price target for the company from $68.00 to $77.00 in a research report on Monday, July 10th. Finally, Pacific Crest reissued an overweight rating and set a $70.00 price target on shares of Xilinx in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $64.57.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same period last year, the company posted $0.61 EPS. Xilinx’s revenue was up 7.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. Xilinx’s payout ratio is currently 60.09%.
In other Xilinx news, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the transaction, the insider now owns 12,387 shares of the company’s stock, valued at $785,088.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,231 shares of company stock valued at $3,025,929. Company insiders own 0.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock worth $1,564,772,000 after buying an additional 812,627 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Xilinx by 4.0% in the first quarter. First Eagle Investment Management LLC now owns 13,577,684 shares of the programmable devices maker’s stock worth $786,012,000 after buying an additional 525,371 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Xilinx by 3.8% in the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock worth $571,899,000 after buying an additional 358,064 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock worth $409,062,000 after buying an additional 764,384 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Xilinx by 9.8% in the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock worth $269,040,000 after buying an additional 413,912 shares in 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.
To view Vetr’s full report, visit Vetr’s official website.
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