Deutsche Bank Boosts Xilinx (XLNX) Price Target to $71.00
Xilinx (NASDAQ:XLNX) had its price objective boosted by Deutsche Bank from $69.00 to $71.00 in a report published on Wednesday. The brokerage currently has a hold rating on the programmable devices maker’s stock.
A number of other research firms have also issued reports on XLNX. JPMorgan Chase & Co. reduced their price target on shares of Xilinx from $70.00 to $68.00 and set an underweight rating for the company in a research report on Wednesday, May 23rd. Nomura upgraded Xilinx from a reduce rating to a neutral rating and increased their price objective for the stock from $60.00 to $70.00 in a report on Wednesday, May 9th. KeyCorp increased their price objective on Xilinx from $80.00 to $87.00 and gave the stock an overweight rating in a report on Thursday, July 26th. Macquarie dropped their price objective on Xilinx from $75.00 to $72.00 and set a neutral rating on the stock in a report on Thursday, April 26th. Finally, ValuEngine upgraded Xilinx from a hold rating to a buy rating in a report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. Xilinx presently has an average rating of Hold and a consensus price target of $77.11.
NASDAQ XLNX opened at $73.79 on Wednesday. The company has a quick ratio of 4.11, a current ratio of 4.38 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $18.32 billion, a PE ratio of 26.07, a P/E/G ratio of 2.56 and a beta of 1.04. Xilinx has a 52-week low of $62.27 and a 52-week high of $78.02.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Investors of record on Wednesday, August 8th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, August 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. Xilinx’s dividend payout ratio is currently 50.88%.
In other Xilinx news, Director John Michael Patterson sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $73.49, for a total transaction of $220,470.00. Following the transaction, the director now owns 23,282 shares in the company, valued at $1,710,994.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $73.37, for a total value of $73,370.00. Following the transaction, the vice president now owns 10,271 shares in the company, valued at approximately $753,583.27. The disclosure for this sale can be found here. Insiders sold 21,209 shares of company stock worth $1,482,092 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in XLNX. Squar Milner Financial Services LLC acquired a new position in Xilinx during the second quarter valued at approximately $105,000. Itau Unibanco Holding S.A. acquired a new position in Xilinx during the second quarter valued at approximately $123,000. Massey Quick Simon & CO. LLC grew its holdings in Xilinx by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,944 shares of the programmable devices maker’s stock valued at $140,000 after purchasing an additional 972 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in Xilinx during the second quarter valued at approximately $149,000. Finally, Moneta Group Investment Advisors LLC grew its holdings in Xilinx by 3,935.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 42,981 shares of the programmable devices maker’s stock valued at $179,000 after purchasing an additional 41,916 shares during the last quarter. Institutional investors own 90.41% of the company’s stock.
Xilinx Company Profile
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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