Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned a consensus rating of “Buy” from the twenty-two ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $78.47.
Several research analysts have recently issued reports on XLNX shares. JPMorgan Chase & Co. lowered their price objective on Xilinx from $70.00 to $68.00 and set an “underweight” rating for the company in a research report on Wednesday, May 23rd. Robert W. Baird raised Xilinx from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $71.00 to $90.00 in a research report on Tuesday, August 28th. Morgan Stanley upped their price objective on Xilinx from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. SunTrust Banks upped their price objective on Xilinx to $76.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Finally, Deutsche Bank upped their price objective on Xilinx from $69.00 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, August 22nd.
In other Xilinx news, SVP Salil Raje sold 3,500 shares of the stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $67.89, for a total transaction of $237,615.00. Following the completion of the sale, the senior vice president now directly owns 16,712 shares of the company’s stock, valued at approximately $1,134,577.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William Christopher Madden sold 1,598 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $65.01, for a total value of $103,885.98. Following the sale, the senior vice president now directly owns 8,416 shares of the company’s stock, valued at $547,124.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,209 shares of company stock valued at $1,560,102. Insiders own 0.16% of the company’s stock.
A number of institutional investors have recently bought and sold shares of XLNX. Squar Milner Financial Services LLC acquired a new stake in Xilinx during the 2nd quarter worth approximately $105,000. Itau Unibanco Holding S.A. acquired a new stake in Xilinx during the 2nd quarter worth approximately $123,000. ClariVest Asset Management LLC acquired a new stake in Xilinx during the 2nd quarter worth approximately $149,000. Moneta Group Investment Advisors LLC lifted its position in Xilinx by 3,935.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 42,981 shares of the programmable devices maker’s stock worth $179,000 after acquiring an additional 41,916 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new stake in Xilinx during the 2nd quarter worth approximately $187,000. 87.43% of the stock is owned by institutional investors.
NASDAQ XLNX traded up $0.23 during trading hours on Friday, hitting $77.57. 1,516,145 shares of the company were exchanged, compared to its average volume of 1,988,843. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.38 and a quick ratio of 4.11. Xilinx has a 52-week low of $62.27 and a 52-week high of $79.50. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The company had revenue of $684.00 million for the quarter, compared to the consensus estimate of $674.46 million. During the same quarter in the prior year, the business earned $0.63 EPS. Xilinx’s revenue was up 13.4% on a year-over-year basis. equities research analysts anticipate that Xilinx will post 3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Wednesday, August 8th were given a $0.36 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Xilinx’s dividend payout ratio (DPR) is presently 50.88%.
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; 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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