BMO Capital Markets restated their buy rating on shares of Xilinx, Inc. (NASDAQ:XLNX) in a report published on Wednesday, October 18th. The brokerage currently has a $80.00 price objective on the programmable devices maker’s stock.
A number of other brokerages also recently issued reports on XLNX. Mizuho reissued a neutral rating and set a $69.00 price target (up from $68.00) on shares of Xilinx in a report on Thursday, July 27th. Raymond James Financial, Inc. restated a hold rating on shares of Xilinx in a research report on Thursday, July 27th. KeyCorp set a $70.00 price objective on shares of Xilinx and gave the stock a buy rating in a research report on Thursday, July 27th. Barclays PLC upgraded shares of Xilinx from an underweight rating to an equal weight rating and increased their target price for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Finally, Vetr cut shares of Xilinx from a buy rating to a hold rating and set a $69.47 target price for the company. in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $69.31.
Xilinx (XLNX) opened at 70.63 on Wednesday. The company has a market capitalization of $17.56 billion, a PE ratio of 30.18 and a beta of 1.10. The stock has a 50 day moving average price of $69.94 and a 200-day moving average price of $65.49. Xilinx has a 52 week low of $49.78 and a 52 week high of $73.32.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $620.00 million during the quarter, compared to analyst estimates of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.12%. Xilinx’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. On average, equities analysts predict that Xilinx will post $2.54 earnings per share for the current fiscal year.
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In related news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. Insiders have sold a total of 209,330 shares of company stock worth $14,598,104 over the last 90 days. Insiders own 0.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC acquired a new position in Xilinx in the 2nd quarter valued at about $103,000. Sun Life Financial INC raised its stake in Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after purchasing an additional 1,798 shares during the last quarter. Huntington National Bank raised its stake in Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after purchasing an additional 1,913 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Xilinx by 46.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after purchasing an additional 936 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Xilinx in the 3rd quarter valued at about $220,000. Institutional investors and hedge funds own 97.28% of the company’s stock.
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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