Investors Buy Shares of Xilinx (XLNX) on Weakness
Traders purchased shares of Xilinx, Inc. (NASDAQ:XLNX) on weakness during trading on Monday. $50.52 million flowed into the stock on the tick-up and $21.61 million flowed out of the stock on the tick-down, for a money net flow of $28.91 million into the stock. Of all stocks tracked, Xilinx had the 18th highest net in-flow for the day. Xilinx traded down ($0.27) for the day and closed at $75.44
XLNX has been the subject of a number of research reports. Goldman Sachs Group upgraded Xilinx from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Friday, October 27th. BMO Capital Markets reiterated a “buy” rating and issued a $80.00 price target on shares of Xilinx in a research note on Wednesday, October 18th. KeyCorp set a $78.00 price target on Xilinx and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, Argus lifted their price target on Xilinx to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. 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 stock. The company presently has an average rating of “Hold” and an average target price of $71.70.
The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $18,930.00, a price-to-earnings ratio of 31.83, a PEG ratio of 3.13 and a beta of 1.08.
In other news, CEO Moshe Gavrielov sold 20,000 shares of Xilinx stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the sale, the chief executive officer now owns 62,813 shares of the company’s stock, valued at $4,761,853.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Victor Peng sold 25,000 shares of Xilinx stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The disclosure for this sale can be found here. Insiders sold 51,728 shares of company stock worth $3,809,354 in the last three months. 0.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in XLNX. Mutual of America Capital Management LLC raised its holdings in shares of Xilinx by 4.4% during the second quarter. Mutual of America Capital Management LLC now owns 35,209 shares of the programmable devices maker’s stock valued at $2,265,000 after buying an additional 1,482 shares during the last quarter. FMR LLC raised its holdings in shares of Xilinx by 1.2% during the second quarter. FMR LLC now owns 1,339,906 shares of the programmable devices maker’s stock valued at $86,182,000 after buying an additional 15,780 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Xilinx by 1.4% during the second quarter. California Public Employees Retirement System now owns 613,012 shares of the programmable devices maker’s stock valued at $39,429,000 after buying an additional 8,400 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Xilinx by 11.1% during the second quarter. M&T Bank Corp now owns 25,506 shares of the programmable devices maker’s stock valued at $1,641,000 after buying an additional 2,555 shares during the last quarter. Finally, Ark Investment Management LLC raised its holdings in Xilinx by 112.1% during the second quarter. Ark Investment Management LLC now owns 173,041 shares of the programmable devices maker’s stock worth $11,130,000 after purchasing an additional 91,460 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.
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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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