Xilinx (NASDAQ:XLNX) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $85.00 to $88.00 in a report issued on Tuesday, The Fly reports. The firm currently has an “underweight” rating on the programmable devices maker’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 4.31% from the company’s previous close.
A number of other analysts have also recently weighed in on the company. Cfra lowered their price objective on Xilinx from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Co lifted their price target on Xilinx from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Mizuho lowered their price target on Xilinx from $98.00 to $94.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley lifted their price target on Xilinx from $90.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price objective (up previously from $105.00) on shares of Xilinx in a report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Xilinx presently has an average rating of “Hold” and a consensus target price of $98.30.
XLNX opened at $91.96 on Tuesday. The stock’s fifty day moving average is $90.72 and its two-hundred day moving average is $89.01. The company has a market capitalization of $22.14 billion, a P/E ratio of 29.47, a PEG ratio of 3.73 and a beta of 0.98. Xilinx has a 52 week low of $67.68 and a 52 week high of $133.00. The company has a quick ratio of 2.40, a current ratio of 2.68 and a debt-to-equity ratio of 0.32.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 22nd. The programmable devices maker reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.09. Xilinx had a return on equity of 33.25% and a net margin of 25.07%. The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $751.53 million. During the same period last year, the business posted $0.95 EPS. The business’s revenue was down 8.7% compared to the same quarter last year. Equities analysts anticipate that Xilinx will post 2.71 earnings per share for the current year.
In other news, SVP Mark Wadlington sold 2,236 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $84.57, for a total transaction of $189,098.52. Following the sale, the senior vice president now owns 3,959 shares of the company’s stock, valued at $334,812.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Catia Hagopian sold 1,200 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $90.41, for a total value of $108,492.00. Following the sale, the vice president now directly owns 15,770 shares in the company, valued at approximately $1,425,765.70. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of XLNX. Cornerstone Advisors Inc. increased its position in shares of Xilinx by 102.3% during the first quarter. Cornerstone Advisors Inc. now owns 358 shares of the programmable devices maker’s stock worth $28,000 after acquiring an additional 181 shares during the period. WASHINGTON TRUST Co purchased a new stake in shares of Xilinx during the first quarter worth $37,000. Keebeck Wealth Management LLC purchased a new stake in shares of Xilinx during the fourth quarter worth $44,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Xilinx during the fourth quarter worth $44,000. Finally, Ropes Wealth Advisors LLC increased its holdings in Xilinx by 160.0% in the first quarter. Ropes Wealth Advisors LLC now owns 650 shares of the programmable devices maker’s stock valued at $51,000 after buying an additional 400 shares during the last quarter. 82.60% of the stock is currently owned by institutional investors and hedge funds.
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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