Xilinx (NASDAQ:XLNX) had its target price upped by Argus to $85.00 in a research report report published on Tuesday, The Fly reports. They currently have a buy rating on the programmable devices maker’s stock.
A number of other brokerages have also recently weighed in on XLNX. Goldman Sachs Group upgraded Xilinx from a neutral rating to a buy rating in a research note on Friday, January 5th. BidaskClub upgraded Xilinx from a sell rating to a hold rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded Xilinx from a hold rating to a buy rating and set a $79.00 price objective for the company in a research note on Friday, October 27th. MKM Partners boosted their price objective on Xilinx from $63.00 to $78.00 and gave the company a neutral rating in a research note on Sunday, October 8th. Finally, KeyCorp set a $78.00 price objective on Xilinx and gave the company a buy rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $71.53.
Xilinx (NASDAQ XLNX) traded up $0.24 during mid-day trading on Tuesday, reaching $74.34. The company had a trading volume of 1,142,700 shares, compared to its average volume of 2,669,100. The stock has a market capitalization of $18,730.00, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.06 and a beta of 1.08. Xilinx has a 12-month low of $54.99 and a 12-month high of $75.29. 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 (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share 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 analysts’ expectations of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. research analysts predict that Xilinx will post 2.59 EPS for the current fiscal year.
In other news, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the completion of the transaction, the chief financial officer now directly owns 28,313 shares in the company, valued at approximately $2,101,673.99. The disclosure for this sale can be found here. In the last three months, insiders sold 31,728 shares of company stock worth $2,293,154. Corporate insiders own 0.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in Xilinx during the second quarter worth $103,000. Sun Life Financial INC grew its holdings in Xilinx by 22,475.0% during the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after acquiring an additional 1,798 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in Xilinx during the third quarter worth $117,000. Northwestern Mutual Wealth Management Co. grew its holdings in Xilinx by 46.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after acquiring an additional 936 shares during the period. Finally, Comerica Securities Inc. acquired a new position in Xilinx during the second quarter worth $202,000. 94.98% of the stock is currently owned by institutional investors and hedge funds.
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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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