Xilinx, Inc. (NASDAQ:XLNX) had its price target lifted by MKM Partners from $63.00 to $78.00 in a research report sent to investors on Sunday, October 8th. They currently have a neutral rating on the programmable devices maker’s stock.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Xilinx from a hold rating to a buy rating and set a $71.00 price objective on the stock in a report on Tuesday, August 1st. Credit Suisse Group reaffirmed an outperform rating on shares of Xilinx in a report on Thursday, August 31st. BidaskClub raised Xilinx from a buy rating to a strong-buy rating in a report on Saturday, June 24th. Morgan Stanley reaffirmed an overweight rating and set a $72.00 price objective on shares of Xilinx in a report on Monday, June 12th. Finally, Barclays PLC raised Xilinx from an underweight rating to an equal weight rating and upped their price objective for the stock from $53.00 to $60.00 in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $66.14.
Xilinx (NASDAQ XLNX) traded down 0.36% during trading on Friday, hitting $72.40. 894,237 shares of the company’s stock were exchanged. Xilinx has a 12-month low of $48.97 and a 12-month high of $73.32. The company’s 50-day moving average price is $68.69 and its 200 day moving average price is $64.69. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 30.94 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The business had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Xilinx will post $2.54 earnings per share for the current fiscal year.
In other Xilinx news, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,330 shares of company stock worth $14,598,104. Company insiders own 0.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of XLNX. Janus Henderson Group PLC grew its position in shares of Xilinx by 743.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock worth $468,770,000 after acquiring an additional 6,423,813 shares in the last quarter. Winslow Capital Management LLC acquired a new position in shares of Xilinx in the 1st quarter worth approximately $203,769,000. Canada Pension Plan Investment Board grew its position in shares of Xilinx by 779.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock worth $117,537,000 after acquiring an additional 1,619,600 shares in the last quarter. American Century Companies Inc. grew its position in shares of Xilinx by 104.8% in the 2nd quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock worth $201,592,000 after acquiring an additional 1,603,850 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Xilinx by 427.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock worth $97,805,000 after acquiring an additional 1,232,206 shares in the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.
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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