Bank of America reissued their buy rating on shares of Xilinx (NASDAQ:XLNX) in a research report report published on Friday, AnalystRatings.com reports. They currently have a $143.00 price target on the programmable devices maker’s stock.
Several other research analysts have also recently weighed in on XLNX. Argus boosted their price objective on shares of Xilinx from $85.00 to $110.00 and gave the stock a buy rating in a research report on Tuesday, January 8th. Evercore ISI boosted their price objective on shares of Xilinx from $90.00 to $100.00 and gave the stock an outperform rating in a research report on Monday, January 14th. Mizuho upgraded shares of Xilinx from a neutral rating to a buy rating and set a $100.00 price objective for the company in a research report on Thursday, January 17th. Barclays restated a hold rating and issued a $90.00 price objective on shares of Xilinx in a research report on Friday, January 18th. Finally, Cowen restated a market perform rating and issued a $105.00 price objective (up previously from $81.00) on shares of Xilinx in a research report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $115.96.
NASDAQ:XLNX opened at $118.81 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.19 and a quick ratio of 7.53. Xilinx has a 1 year low of $64.15 and a 1 year high of $141.60. The company has a market capitalization of $30.13 billion, a PE ratio of 34.14, a PEG ratio of 2.56 and a beta of 1.12.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.02). Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The company had revenue of $828.36 million during the quarter, compared to the consensus estimate of $826.51 million. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Xilinx will post 3.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be given a dividend of $0.37 per share. This is a boost from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, May 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.25%. Xilinx’s payout ratio is presently 41.38%.
In other Xilinx news, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the sale, the senior vice president now owns 1,834 shares in the company, valued at approximately $244,105.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.
Several institutional investors have recently modified their holdings of XLNX. Lindbrook Capital LLC bought a new stake in shares of Xilinx during the 4th quarter valued at $25,000. Shamrock Asset Management LLC acquired a new position in shares of Xilinx in the 1st quarter valued at $25,000. CWM LLC grew its holdings in shares of Xilinx by 225.0% in the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after buying an additional 153 shares during the period. Ropes Wealth Advisors LLC grew its holdings in shares of Xilinx by 42.8% in the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after buying an additional 107 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in shares of Xilinx by 2,925.0% in the 4th quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock valued at $41,000 after buying an additional 468 shares during the period. Institutional investors own 88.28% of the company’s stock.
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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