Xilinx (XLNX) Stock Rating Reaffirmed by Barclays

Xilinx (NASDAQ:XLNX)‘s stock had its “hold” rating restated by stock analysts at Barclays in a research note issued to investors on Friday. They presently have a $70.00 price target on the programmable devices maker’s stock. Barclays’ target price points to a potential downside of 7.54% from the company’s previous close.

A number of other research analysts have also recently commented on XLNX. BidaskClub upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. BMO Capital Markets restated a “buy” rating and issued a $80.00 price target on shares of Xilinx in a report on Wednesday, October 18th. Argus upped their price target on shares of Xilinx to $85.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. SunTrust Banks restated a “hold” rating on shares of Xilinx in a report on Wednesday, October 4th. Finally, MKM Partners upped their price target on shares of Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a report on Sunday, October 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.70.

Xilinx (NASDAQ:XLNX) opened at $75.71 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. Xilinx has a 1 year low of $54.99 and a 1 year high of $77.26. The firm has a market cap of $18,999.65, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 3.13 and a beta of 1.08.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. equities research analysts expect that Xilinx will post 2.59 EPS for the current fiscal year.

In related news, CEO Moshe Gavrielov sold 1,400 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $73.38, for a total value of $102,732.00. Following the completion of the transaction, the chief executive officer now directly owns 111,413 shares of the company’s stock, valued at approximately $8,175,485.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Peng sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.00, for a total transaction of $1,800,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,728 shares of company stock valued at $3,809,354. Insiders own 0.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in XLNX. Janus Henderson Group PLC raised its position in shares of Xilinx by 743.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after purchasing an additional 6,423,813 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Xilinx by 427.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after purchasing an additional 1,232,206 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of Xilinx by 67.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after purchasing an additional 928,405 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Xilinx by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock valued at $1,779,622,000 after purchasing an additional 638,165 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its position in shares of Xilinx by 248.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 461,644 shares of the programmable devices maker’s stock valued at $29,693,000 after purchasing an additional 329,056 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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