Xilinx (NASDAQ:XLNX) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Xilinx (NASDAQ:XLNX) from a sell rating to a hold rating in a report issued on Thursday, March 15th.

Several other equities analysts also recently issued reports on XLNX. Wells Fargo lifted their price target on shares of Xilinx from $66.00 to $70.00 and gave the company a market perform rating in a report on Thursday, January 25th. KeyCorp reissued an overweight rating and set a $87.00 price target (up from $78.00) on shares of Xilinx in a report on Tuesday, January 23rd. Mizuho reissued a buy rating and set a $74.00 price target (up from $69.00) on shares of Xilinx in a report on Thursday, January 25th. JPMorgan Chase raised their price objective on shares of Xilinx from $67.00 to $73.00 and gave the company a neutral rating in a research report on Thursday, January 25th. Finally, Bank of America raised their price objective on shares of Xilinx from $61.00 to $70.00 and gave the company an underperform rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $74.16.

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Shares of NASDAQ:XLNX traded down $4.40 during midday trading on Thursday, reaching $66.30. 3,230,355 shares of the company’s stock were exchanged, compared to its average volume of 2,387,596. The company has a market capitalization of $16,894.24, a price-to-earnings ratio of 28.58, a PEG ratio of 2.46 and a beta of 1.09. Xilinx has a 12 month low of $54.99 and a 12 month high of $78.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08.

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

In related news, CEO Moshe Gavrielov sold 20,000 shares of Xilinx stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the transaction, the chief executive officer now owns 62,813 shares of the company’s stock, valued at approximately $4,761,853.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Scott Hover-Smoot sold 4,300 shares of Xilinx stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the completion of the transaction, the senior vice president now directly owns 37,569 shares in the company, valued at approximately $2,694,448.68. The disclosure for this sale can be found here. Insiders have sold a total of 43,987 shares of company stock worth $3,271,984 in the last three months. 0.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Bank of Australia lifted its stake in Xilinx by 4.0% in the third quarter. Commonwealth Bank of Australia now owns 18,917 shares of the programmable devices maker’s stock valued at $1,334,000 after buying an additional 731 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Xilinx by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,760 shares of the programmable devices maker’s stock valued at $320,000 after buying an additional 748 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in Xilinx by 3.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 23,945 shares of the programmable devices maker’s stock valued at $1,614,000 after buying an additional 900 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Xilinx by 8.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 11,913 shares of the programmable devices maker’s stock valued at $803,000 after buying an additional 947 shares in the last quarter. Finally, Page Arthur B lifted its stake in Xilinx by 2.9% in the fourth quarter. Page Arthur B now owns 34,039 shares of the programmable devices maker’s stock valued at $2,295,000 after buying an additional 949 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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