Xilinx, Inc. (NASDAQ:XLNX) shares traded up 6.8% during trading on Tuesday . The stock traded as high as $76.94 and last traded at $76.91, 4,995,609 shares were traded during mid-day trading. An increase of 22% from the average session volume of 4,103,429 shares. The stock had previously closed at $72.00.
Several research analysts have recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $165.00 target price on shares of Xilinx in a research report on Wednesday, December 11th. Wells Fargo & Co decreased their target price on Xilinx from $95.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. ValuEngine upgraded Xilinx from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Citigroup decreased their target price on Xilinx from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley decreased their target price on Xilinx from $116.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $105.32.
The firm has a 50 day simple moving average of $82.14 and a two-hundred day simple moving average of $92.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.43 and a current ratio of 6.06. The stock has a market cap of $17.92 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.38 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Tuesday, January 28th. The programmable devices maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $723.50 million for the quarter, compared to the consensus estimate of $725.73 million. Xilinx had a return on equity of 33.38% and a net margin of 27.05%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, equities research analysts predict that Xilinx, Inc. will post 3.36 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new position in shares of Xilinx in the 4th quarter worth $3,055,000. First PREMIER Bank acquired a new position in shares of Xilinx in the 4th quarter worth $35,000. Orion Portfolio Solutions LLC acquired a new position in shares of Xilinx in the 4th quarter worth $44,000. Keebeck Wealth Management LLC acquired a new position in shares of Xilinx in the 4th quarter worth $44,000. Finally, Verus Capital Partners LLC acquired a new position in shares of Xilinx in the 4th quarter worth $54,000. 82.05% of the stock is currently owned by hedge funds and other institutional investors.
Xilinx Company Profile (NASDAQ:XLNX)
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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