BidaskClub upgraded shares of Xilinx (NASDAQ:XLNX) from a sell rating to a hold rating in a research report sent to investors on Saturday, January 6th.
Several other equities analysts have also weighed in on the stock. Goldman Sachs Group upgraded shares of Xilinx from a neutral rating to a buy rating in a research report on Friday, January 5th. Morgan Stanley upped their price objective on shares of Xilinx from $72.00 to $78.00 and gave the company an overweight rating in a report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Xilinx from a buy rating to a hold rating in a report on Monday, October 30th. Robert W. Baird reaffirmed a hold rating and set a $68.00 price objective on shares of Xilinx in a report on Friday, October 27th. Finally, Barclays upped their price objective on shares of Xilinx from $65.00 to $67.00 and gave the company an equal weight rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $71.53.
Xilinx (NASDAQ:XLNX) traded up $0.32 during midday trading on Friday, hitting $74.66. 1,063,253 shares of the stock traded hands, compared to its average volume of 2,140,000. 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. The company has a market cap of $18,740.00, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 3.07 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company 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 25.17%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. equities analysts forecast that Xilinx will post 2.59 EPS for the current fiscal year.
In other news, CFO Lorenzo Flores sold 2,828 shares of the firm’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 transaction, the chief financial officer now owns 28,313 shares in the company, valued at $2,101,673.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Moshe Gavrielov sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $73.38, for a total transaction of $102,732.00. Following the completion of the transaction, the chief executive officer now owns 111,413 shares in the company, valued at approximately $8,175,485.94. The disclosure for this sale can be found here. Insiders have sold 31,728 shares of company stock worth $2,293,154 over the last quarter. Company insiders own 0.40% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new stake in Xilinx in the second quarter worth $103,000. Sun Life Financial INC lifted its stake in Xilinx by 22,475.0% in 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 purchased a new stake in Xilinx in the third quarter worth $117,000. Northwestern Mutual Wealth Management Co. lifted its stake in Xilinx by 46.2% in 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. purchased a new stake in Xilinx in the second quarter worth $202,000. Hedge funds and other institutional investors own 94.98% of the company’s stock.
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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.
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