Xilinx, Inc. (NASDAQ:XLNX) Given Hold Rating at Raymond James Financial, Inc.
A number of other research firms also recently commented on XLNX. BidaskClub raised Xilinx from a buy rating to a strong-buy rating in a research note on Saturday, June 24th. Vetr downgraded Xilinx from a buy rating to a hold rating and set a $69.47 price target for the company. in a research note on Monday, June 26th. Wells Fargo & Company downgraded Xilinx from an outperform rating to a market perform rating and set a $66.00 price target for the company. in a research note on Tuesday, May 23rd. Barclays PLC raised Xilinx from an underweight rating to an equal weight rating and boosted their price target for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Finally, Pacific Crest reaffirmed an overweight rating and issued a $70.00 price target on shares of Xilinx in a research note on Friday, May 19th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Xilinx currently has a consensus rating of Hold and a consensus target price of $64.38.
Shares of Xilinx (XLNX) opened at 63.67 on Thursday. The stock has a 50 day moving average of $65.47 and a 200 day moving average of $61.66. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 27.21 and a beta of 1.10. Xilinx has a 12-month low of $48.75 and a 12-month high of $68.68.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. Xilinx’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts expect that Xilinx will post $2.53 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is presently 60.09%.
In related news, CEO Moshe Gavrielov sold 15,300 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $64.78, for a total value of $991,134.00. Following the sale, the chief executive officer now directly owns 245,066 shares in the company, valued at $15,875,375.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Krishna Rangasayee sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $64.89, for a total value of $973,350.00. Following the completion of the sale, the insider now owns 15,555 shares in the company, valued at $1,009,363.95. The disclosure for this sale can be found here. Insiders sold 49,600 shares of company stock worth $3,234,839 over the last quarter. 0.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Xilinx by 4.0% in the first quarter. First Eagle Investment Management LLC now owns 13,577,684 shares of the programmable devices maker’s stock valued at $786,012,000 after buying an additional 525,371 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Xilinx by 3.8% in the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after buying an additional 358,064 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after buying an additional 764,384 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Xilinx by 9.8% in the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock valued at $269,040,000 after buying an additional 413,912 shares during the last quarter. Institutional investors and hedge funds own 94.06% of the company’s stock.
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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