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.
Other equities research analysts have also issued reports about the stock. BMO Capital Markets reaffirmed a buy rating and set a $80.00 price objective on shares of Xilinx in a report on Wednesday, October 18th. 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. Barclays increased 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. SunTrust Banks reissued a hold rating on shares of Xilinx in a report on Wednesday, October 4th. Finally, Morgan Stanley raised their target price on shares of Xilinx from $72.00 to $78.00 and gave the company an overweight rating in a report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $73.45.
Xilinx (NASDAQ XLNX) opened at $71.94 on Friday. Xilinx has a one year low of $54.99 and a one year high of $77.26. The company has a quick ratio of 9.35, a current ratio of 9.08 and a debt-to-equity ratio of 0.73. The firm has a market cap of $18,050.00, a P/E ratio of 37.86, a PEG ratio of 2.86 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.58). Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The business had revenue of $631.00 million during the quarter, compared to the consensus estimate of $630.00 million. During the same quarter last year, the company earned $0.52 EPS. Xilinx’s revenue for the quarter was up 7.7% on a year-over-year basis. research analysts expect that Xilinx will post 2.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Xilinx’s dividend payout ratio (DPR) is 73.68%.
In other Xilinx news, Director Elizabeth W. Vanderslice sold 2,500 shares of Xilinx stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $72.20, for a total value of $180,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 20,000 shares of Xilinx stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total value of $1,516,200.00. Following the completion of the transaction, the chief executive officer now owns 62,813 shares in the company, valued at approximately $4,761,853.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,328 shares of company stock valued at $3,706,622. Corporate insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of XLNX. Acrospire Investment Management LLC purchased a new position in Xilinx in the second quarter valued at about $103,000. Sun Life Financial INC grew its stake in shares of 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 last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of Xilinx during the third quarter worth about $117,000. Cerebellum GP LLC purchased a new stake in shares of Xilinx during the fourth quarter worth about $126,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 last quarter. Institutional investors own 94.95% of the company’s stock.
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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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