Investors Buy Shares of Xilinx (XLNX) on Weakness

Traders bought shares of Xilinx (NASDAQ:XLNX) on weakness during trading on Thursday. $35.42 million flowed into the stock on the tick-up and $18.05 million flowed out of the stock on the tick-down, for a money net flow of $17.37 million into the stock. Of all equities tracked, Xilinx had the 29th highest net in-flow for the day. Xilinx traded down ($0.44) for the day and closed at $70.70

A number of brokerages have weighed in on XLNX. JPMorgan Chase downgraded Xilinx from a “neutral” rating to an “underweight” rating and set a $73.00 target price on the stock. in a report on Friday. BidaskClub downgraded Xilinx from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America raised their price target on Xilinx from $61.00 to $70.00 and gave the stock an “underperform” rating in a report on Thursday, January 25th. SunTrust Banks raised their price target on Xilinx to $79.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Credit Suisse Group raised their price target on Xilinx from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.16.

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The company has a quick ratio of 8.59, a current ratio of 9.08 and a debt-to-equity ratio of 0.73. The stock has a market cap of $18,127.55, a P/E ratio of 28.58, a P/E/G ratio of 2.64 and a beta of 1.09.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.58). Xilinx had a net margin of 20.20% and a return on equity of 27.61%. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $630.00 million. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts forecast that Xilinx will post 2.65 EPS for the current year.

In other news, insider Vincent Tong sold 19,687 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $73.52, for a total value of $1,447,388.24. Following the completion of the sale, the insider now owns 55,403 shares of the company’s stock, valued at $4,073,228.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott Hover-Smoot sold 4,300 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total value of $308,396.00. Following the completion of the sale, the senior vice president now directly owns 37,569 shares of the company’s stock, valued at approximately $2,694,448.68. The disclosure for this sale can be found here. Insiders sold a total of 43,987 shares of company stock worth $3,271,984 over the last 90 days. Insiders own 0.40% of the company’s stock.

Institutional investors have recently modified their holdings of the company. AXA boosted its position in shares of Xilinx by 680.6% in the fourth quarter. AXA now owns 942,838 shares of the programmable devices maker’s stock worth $63,566,000 after buying an additional 822,054 shares during the period. Marathon Asset Management LLP boosted its position in shares of Xilinx by 2.7% in the fourth quarter. Marathon Asset Management LLP now owns 983,464 shares of the programmable devices maker’s stock worth $66,305,000 after buying an additional 25,726 shares during the period. Eaton Vance Management boosted its position in shares of Xilinx by 12.2% in the fourth quarter. Eaton Vance Management now owns 143,767 shares of the programmable devices maker’s stock worth $9,693,000 after buying an additional 15,687 shares during the period. MAI Capital Management boosted its position in shares of Xilinx by 5.6% in the fourth quarter. MAI Capital Management now owns 110,366 shares of the programmable devices maker’s stock worth $7,441,000 after buying an additional 5,863 shares during the period. Finally, Fox Run Management L.L.C. boosted its position in shares of Xilinx by 542.6% in the fourth quarter. Fox Run Management L.L.C. now owns 19,921 shares of the programmable devices maker’s stock worth $1,343,000 after buying an additional 16,821 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

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Xilinx Company Profile

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).

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