Argus Boosts Xilinx (XLNX) Price Target to $85.00
Xilinx (NASDAQ:XLNX) had its target price raised by equities researchers at Argus to $85.00 in a research note issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the programmable devices maker’s stock. Argus’ target price points to a potential upside of 13.88% from the company’s current price.
A number of other equities analysts also recently commented on XLNX. SunTrust Banks restated a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. MKM Partners increased their price objective on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday, October 8th. KeyCorp set a $78.00 price objective on shares of Xilinx and gave the company a “buy” rating in a research note on Wednesday, October 11th. BMO Capital Markets reiterated a “buy” rating and set a $80.00 price objective on shares of Xilinx in a research note on Wednesday, October 18th. Finally, Deutsche Bank increased their price objective on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $71.53.
Xilinx (XLNX) opened at $74.64 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35. The company has a market cap of $18,730.00, a PE ratio of 31.49, a price-to-earnings-growth ratio of 3.06 and a beta of 1.08. Xilinx has a one year low of $54.99 and a one year high of $75.14.
In related news, Director Elizabeth W. Vanderslice sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.20, for a total transaction of $180,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total transaction of $209,922.44. Following the sale, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at approximately $2,101,673.99. The disclosure for this sale can be found here. Insiders have sold 31,728 shares of company stock valued at $2,293,154 in the last three months. 0.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC purchased a new position in shares of Xilinx in the second quarter worth $103,000. San Francisco Sentry Investment Group CA purchased a new position in shares of Xilinx in the third quarter worth $117,000. Sun Life Financial INC raised its holdings in shares of Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the last quarter. Pictet North America Advisors SA purchased a new position in shares of Xilinx in the third quarter worth $207,000. Finally, Banque Pictet & Cie SA purchased a new position in shares of Xilinx in the third quarter worth $207,000. 94.98% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/argus-boosts-xilinx-xlnx-price-target-to-85-00/1799694.html.
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.
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.