Shares of Xilinx (NASDAQ:XLNX) have received a consensus recommendation of “Hold” from the twenty-six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $72.75.
XLNX has been the topic of a number of recent analyst reports. JPMorgan Chase lowered shares of Xilinx from a “neutral” rating to an “underweight” rating and set a $73.00 price objective on the stock. in a report on Friday, April 6th. BidaskClub upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. Nomura upgraded shares of Xilinx from a “reduce” rating to a “neutral” rating and boosted their price objective for the stock from $60.00 to $70.00 in a report on Wednesday, May 9th. ValuEngine lowered shares of Xilinx from a “buy” rating to a “hold” rating in a report on Thursday, April 19th. Finally, Macquarie cut their price objective on shares of Xilinx from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday, April 26th.
Several large investors have recently made changes to their positions in XLNX. NuWave Investment Management LLC bought a new stake in shares of Xilinx during the 4th quarter valued at about $102,000. Tower Research Capital LLC TRC bought a new stake in shares of Xilinx during the 4th quarter valued at about $106,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Xilinx during the 4th quarter valued at about $116,000. Cerebellum GP LLC bought a new stake in shares of Xilinx during the 4th quarter valued at about $126,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Xilinx during the 4th quarter valued at about $137,000. 91.47% of the stock is owned by institutional investors and hedge funds.
Xilinx traded up $0.20, reaching $71.19, during trading on Monday, MarketBeat Ratings reports. The stock had a trading volume of 15,504 shares, compared to its average volume of 2,815,765. Xilinx has a 1-year low of $70.24 and a 1-year high of $70.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.42 and a quick ratio of 4.17. The firm has a market capitalization of $17.94 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.56 and a beta of 1.11.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 25th. The programmable devices maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Xilinx had a net margin of 20.18% and a return on equity of 29.98%. The firm had revenue of $673.00 million for the quarter, compared to analyst estimates of $650.29 million. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. sell-side analysts anticipate that Xilinx will post 2.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Tuesday, May 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Monday, May 14th. This is an increase from Xilinx’s previous quarterly dividend of $0.35.
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).
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