Xilinx (NASDAQ:XLNX) had its target price decreased by Barclays from $110.00 to $100.00 in a report released on Thursday morning, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the programmable devices maker’s stock.

Several other brokerages have also recently issued reports on XLNX. Zacks Investment Research raised Xilinx from a sell rating to a hold rating and set a $130.00 target price on the stock in a research report on Saturday, July 27th. BMO Capital Markets cut their price objective on Xilinx from $125.00 to $115.00 and set a market perform rating on the stock in a research report on Wednesday, May 15th. Robert W. Baird set a $128.00 price objective on Xilinx and gave the stock a buy rating in a research report on Friday, July 26th. ValuEngine cut Xilinx from a buy rating to a hold rating in a research report on Friday, August 23rd. Finally, Benchmark assumed coverage on Xilinx in a research report on Tuesday, July 23rd. They issued a hold rating on the stock. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Xilinx has a consensus rating of Hold and an average price target of $118.81.

Shares of NASDAQ:XLNX traded up $0.35 during mid-day trading on Thursday, hitting $105.38. 758,097 shares of the company traded hands, compared to its average volume of 2,517,548. The stock has a market cap of $26.65 billion, a P/E ratio of 30.28, a P/E/G ratio of 2.36 and a beta of 1.27. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48. Xilinx has a 12-month low of $68.76 and a 12-month high of $141.60. The stock has a 50-day moving average price of $107.85 and a two-hundred day moving average price of $116.10.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The company had revenue of $849.60 million for the quarter, compared to analysts’ expectations of $849.76 million. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. Xilinx’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. As a group, analysts expect that Xilinx will post 3.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 7th were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Xilinx’s payout ratio is presently 42.53%.

In other Xilinx news, VP Catia Hagopian sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the sale, the vice president now directly owns 16,674 shares in the company, valued at $2,000,880. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William Christopher Madden sold 3,087 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $115.97, for a total value of $357,999.39. Following the completion of the sale, the executive vice president now owns 19,520 shares in the company, valued at $2,263,734.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,531 shares of company stock worth $3,591,480. Corporate insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in Xilinx by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,002,227 shares of the programmable devices maker’s stock worth $85,360,000 after buying an additional 28,286 shares in the last quarter. Geode Capital Management LLC raised its holdings in Xilinx by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock valued at $330,672,000 after acquiring an additional 453,619 shares during the period. Stephens Inc. AR raised its holdings in Xilinx by 5.0% during the first quarter. Stephens Inc. AR now owns 5,498 shares of the programmable devices maker’s stock valued at $697,000 after acquiring an additional 261 shares during the period. First Allied Advisory Services Inc. raised its holdings in Xilinx by 88.4% during the first quarter. First Allied Advisory Services Inc. now owns 4,570 shares of the programmable devices maker’s stock valued at $588,000 after acquiring an additional 2,144 shares during the period. Finally, Cetera Advisor Networks LLC bought a new stake in Xilinx during the first quarter valued at about $256,000. Hedge funds and other institutional investors own 85.06% of the company’s stock.

About Xilinx

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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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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