Somewhat Positive News Coverage Somewhat Unlikely to Affect Xilinx (XLNX) Stock Price

Media coverage about Xilinx (NASDAQ:XLNX) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Xilinx earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the programmable devices maker an impact score of 46.1128918830733 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern’s rankings:

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A number of brokerages have weighed in on XLNX. Barclays reiterated a “hold” rating and set a $70.00 target price on shares of Xilinx in a research note on Friday, January 19th. BidaskClub upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. KeyCorp reiterated an “overweight” rating and set a $87.00 target price (up from $78.00) on shares of Xilinx in a research note on Tuesday, January 23rd. Argus boosted their target price on shares of Xilinx to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Bank of America boosted their target price on shares of Xilinx from $61.00 to $70.00 and gave the company an “underperform” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and an average target price of $74.16.

Shares of NASDAQ:XLNX traded down $0.75 during midday trading on Friday, hitting $64.15. The company had a trading volume of 5,854,257 shares, compared to its average volume of 2,806,528. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.08 and a quick ratio of 8.59. The firm has a market capitalization of $17,329.98, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. Xilinx has a 12-month low of $56.69 and a 12-month high of $78.02.

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

In other Xilinx news, SVP Scott Hover-Smoot sold 4,300 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total value of $308,396.00. Following the completion of the sale, the senior vice president now owns 37,569 shares in the company, valued at approximately $2,694,448.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vincent Tong sold 19,687 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $73.52, for a total value of $1,447,388.24. Following the completion of the sale, the insider now owns 55,403 shares of the company’s stock, valued at approximately $4,073,228.56. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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About Xilinx

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).

Insider Buying and Selling by Quarter for Xilinx (NASDAQ:XLNX)

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