Xilinx, Inc. (NASDAQ:XLNX) had its price target upped by equities researchers at Deutsche Bank AG from $63.00 to $65.00 in a report released on Thursday, October 26th. The brokerage presently has a “hold” rating on the programmable devices maker’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 9.56% from the stock’s previous close.
A number of other brokerages have also recently weighed in on XLNX. KeyCorp set a $78.00 price target on Xilinx and gave the company a “buy” rating in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a research note on Wednesday, October 18th. MKM Partners upped their price target on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday, October 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $69.73.
Shares of Xilinx (NASDAQ XLNX) opened at $71.87 on Thursday. Xilinx has a 1-year low of $50.78 and a 1-year high of $75.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. The stock has a market capitalization of $18,035.98, a PE ratio of 30.33, a PEG ratio of 2.97 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The company had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. During the same period in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. sell-side analysts anticipate that Xilinx will post 2.59 earnings per share for the current year.
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In other Xilinx news, CFO Lorenzo Flores sold 2,828 shares of Xilinx stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the completion of the sale, the chief financial officer now owns 28,313 shares of the company’s stock, valued at approximately $2,101,673.99. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 1,400 shares of Xilinx stock in a transaction on Monday, October 30th. The stock was sold at an average price of $73.38, for a total transaction of $102,732.00. Following the transaction, the chief executive officer now owns 111,413 shares in the company, valued at approximately $8,175,485.94. The disclosure for this sale can be found here. Insiders have sold 185,627 shares of company stock valued at $13,155,185 in the last three months. 0.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC bought a new position in Xilinx in the 2nd quarter worth about $103,000. Sun Life Financial INC lifted its position in shares of Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after purchasing an additional 1,798 shares during the period. Huntington National Bank lifted its position in shares of Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after purchasing an additional 1,913 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Xilinx by 46.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after purchasing an additional 936 shares during the period. Finally, Comerica Securities Inc. purchased a new stake in shares of Xilinx in the 2nd quarter worth approximately $202,000. Institutional investors own 96.11% of the company’s stock.
Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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