Xilinx (NASDAQ:XLNX) had its price target boosted by stock analysts at Rosenblatt Securities from $105.00 to $120.00 in a research note issued on Monday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the programmable devices maker’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 21.96% from the stock’s current price.
A number of other brokerages also recently weighed in on XLNX. Barclays lowered their price target on Xilinx from $110.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, April 17th. BidaskClub upgraded Xilinx from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 24th. Morgan Stanley lifted their price target on Xilinx from $90.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Mizuho lowered their price target on Xilinx from $98.00 to $94.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Wells Fargo & Co lifted their price target on Xilinx from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $99.10.
Shares of Xilinx stock opened at $98.39 on Monday. The stock’s fifty day moving average is $90.82 and its 200-day moving average is $89.01. The firm has a market capitalization of $22.14 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 3.73 and a beta of 0.98. The company has a quick ratio of 2.40, a current ratio of 2.68 and a debt-to-equity ratio of 0.32. Xilinx has a 12-month low of $67.68 and a 12-month high of $133.00.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, April 22nd. The programmable devices maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $751.53 million. Xilinx had a return on equity of 33.25% and a net margin of 25.07%. Xilinx’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. Analysts expect that Xilinx will post 2.71 EPS for the current year.
In other Xilinx news, VP Catia Hagopian sold 1,200 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.41, for a total value of $108,492.00. Following the completion of the sale, the vice president now owns 15,770 shares of the company’s stock, valued at $1,425,765.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Wadlington sold 2,236 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $84.57, for a total value of $189,098.52. Following the transaction, the senior vice president now directly owns 3,959 shares of the company’s stock, valued at approximately $334,812.63. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Xilinx by 3.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 71,825 shares of the programmable devices maker’s stock worth $5,598,000 after purchasing an additional 2,709 shares during the last quarter. Great Lakes Retirement Inc. acquired a new position in shares of Xilinx during the 1st quarter worth about $549,000. Optimal Asset Management Inc. lifted its position in shares of Xilinx by 178.7% during the 1st quarter. Optimal Asset Management Inc. now owns 62,474 shares of the programmable devices maker’s stock worth $4,869,000 after purchasing an additional 40,056 shares during the last quarter. Tredje AP fonden lifted its position in shares of Xilinx by 19.7% during the 1st quarter. Tredje AP fonden now owns 18,422 shares of the programmable devices maker’s stock worth $1,436,000 after purchasing an additional 3,034 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Xilinx by 12.6% during the 1st quarter. Coldstream Capital Management Inc. now owns 11,110 shares of the programmable devices maker’s stock worth $866,000 after purchasing an additional 1,246 shares during the last quarter. 82.60% of the stock is owned by institutional investors and hedge funds.
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; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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