Xilinx (NASDAQ:XLNX) had its target price lifted by equities research analysts at Morgan Stanley from $72.00 to $78.00 in a report released on Wednesday. The brokerage currently has an “overweight” rating on the programmable devices maker’s stock. Morgan Stanley’s target price indicates a potential upside of 15.25% from the stock’s previous close.
A number of other research firms have also recently weighed in on XLNX. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Friday, October 27th. MKM Partners increased their price target on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday, October 8th. KeyCorp set a $78.00 price target on Xilinx and gave the company a “buy” rating in a research note on Wednesday, October 11th. Deutsche Bank increased their price target on Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks reiterated a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. Xilinx presently has a consensus rating of “Hold” and a consensus target price of $70.05.
Xilinx (XLNX) traded down $0.70 on Wednesday, reaching $67.68. The company had a trading volume of 1,876,400 shares, compared to its average volume of 2,597,422. Xilinx has a twelve month low of $54.99 and a twelve month high of $75.14. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. The company has a market cap of $17,160.16, a PE ratio of 28.85, a PEG ratio of 2.82 and a beta of 1.07.
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 analysts’ consensus estimates of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The business had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts predict that Xilinx will post 2.59 earnings per share for the current year.
In other news, CEO Moshe Gavrielov sold 28,600 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $71.78, for a total transaction of $2,052,908.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Victor Peng sold 25,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 213,127 shares of company stock worth $15,135,685 in the last quarter. Company insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XLNX. Acadian Asset Management LLC acquired a new stake in shares of Xilinx during the 2nd quarter worth $283,000. Global X Management Co. LLC grew its holdings in shares of Xilinx by 24.0% during the 2nd quarter. Global X Management Co. LLC now owns 8,401 shares of the programmable devices maker’s stock worth $540,000 after purchasing an additional 1,628 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Xilinx by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,190,475 shares of the programmable devices maker’s stock worth $76,572,000 after purchasing an additional 49,720 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Xilinx by 959.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 62,991 shares of the programmable devices maker’s stock worth $4,052,000 after purchasing an additional 57,047 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in shares of Xilinx during the 2nd quarter worth $225,000. 95.23% of the stock is currently owned by institutional investors.
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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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