Rosenblatt Securities reiterated their buy rating on shares of Xilinx (NASDAQ:XLNX) in a research report report published on Wednesday, AnalystRatings.com reports. The brokerage currently has a $165.00 price objective on the programmable devices maker’s stock.

Other equities research analysts also recently issued reports about the company. Bank of America downgraded Xilinx from a buy rating to a neutral rating in a report on Friday, September 20th. SunTrust Banks reduced their target price on Xilinx to $94.00 and set a neutral rating for the company in a report on Thursday, October 24th. BidaskClub downgraded Xilinx from a sell rating to a strong sell rating in a report on Saturday, November 2nd. BMO Capital Markets reduced their target price on Xilinx to $100.00 and set a market perform rating for the company in a report on Wednesday, October 23rd. Finally, Cowen reduced their target price on Xilinx from $120.00 to $90.00 and set a market perform rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $115.95.

Shares of NASDAQ XLNX opened at $96.23 on Wednesday. Xilinx has a 12 month low of $79.22 and a 12 month high of $141.60. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.40 and a beta of 1.23. The company has a quick ratio of 5.78, a current ratio of 6.44 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $92.94 and a 200-day simple moving average of $103.31.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Xilinx had a return on equity of 35.84% and a net margin of 28.76%. The business had revenue of $833.00 million during the quarter, compared to the consensus estimate of $823.63 million. During the same period in the prior year, the business posted $0.84 earnings per share. Xilinx’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Xilinx will post 3.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, November 8th. Xilinx’s payout ratio is 42.53%.

Xilinx declared that its board has authorized a stock repurchase plan on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the programmable devices maker to purchase up to 4.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

In related news, SVP Emre Onder sold 1,337 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total transaction of $129,408.23. Following the transaction, the senior vice president now directly owns 4,340 shares of the company’s stock, valued at $420,068.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Saar Gillai sold 3,400 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $96.65, for a total value of $328,610.00. Following the transaction, the director now directly owns 7,712 shares in the company, valued at $745,364.80. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC increased its position in Xilinx by 4.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,956 shares of the programmable devices maker’s stock worth $230,000 after purchasing an additional 81 shares during the last quarter. Lyell Wealth Management LP increased its position in Xilinx by 1.2% in the 2nd quarter. Lyell Wealth Management LP now owns 8,212 shares of the programmable devices maker’s stock worth $968,000 after purchasing an additional 100 shares during the last quarter. Citizens Financial Group Inc RI increased its position in Xilinx by 42.8% in the 3rd quarter. Citizens Financial Group Inc RI now owns 367 shares of the programmable devices maker’s stock worth $36,000 after purchasing an additional 110 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Xilinx by 9.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the programmable devices maker’s stock worth $130,000 after purchasing an additional 117 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Xilinx by 0.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 17,002 shares of the programmable devices maker’s stock worth $2,005,000 after purchasing an additional 133 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.

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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