Xilinx (NASDAQ:XLNX) was upgraded by equities researchers at Argus to a “buy” rating in a report issued on Wednesday.
Several other analysts have also commented on the stock. Bank of America increased their price target on shares of Xilinx from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Susquehanna Bancshares raised shares of Xilinx from a “neutral” rating to a “positive” rating and increased their price target for the company from $82.00 to $85.00 in a research report on Tuesday, November 13th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Needham & Company LLC assumed coverage on shares of Xilinx in a research report on Thursday, September 27th. They set a “buy” rating and a $100.00 price target for the company. Finally, MKM Partners increased their price objective on shares of Xilinx to $85.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Xilinx currently has a consensus rating of “Buy” and an average target price of $84.91.
XLNX stock opened at $90.37 on Wednesday. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.85 and a beta of 0.90. Xilinx has a one year low of $62.27 and a one year high of $95.18. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million during the quarter, compared to analyst estimates of $710.33 million. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. Analysts predict that Xilinx will post 3.29 earnings per share for the current year.
In other Xilinx news, insider Vincent Tong sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total transaction of $3,375,200.00. Following the completion of the transaction, the insider now directly owns 30,223 shares of the company’s stock, valued at approximately $2,550,216.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Xilinx during the 3rd quarter worth approximately $108,000. Itau Unibanco Holding S.A. purchased a new position in Xilinx during the 2nd quarter worth approximately $123,000. Lucia Wealth Services LLC purchased a new position in Xilinx during the 3rd quarter worth approximately $160,000. Psagot Investment House Ltd. raised its position in Xilinx by 57.3% during the 3rd quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock worth $164,000 after buying an additional 744 shares during the last quarter. Finally, Oak Grove Capital LLC purchased a new position in Xilinx during the 3rd quarter worth approximately $188,000. 88.04% of the stock is owned by institutional investors.
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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