Xilinx, Inc. (NASDAQ:XLNX) Upgraded at Vetr Inc.
Vetr upgraded shares of Xilinx, Inc. (NASDAQ:XLNX) from a hold rating to a buy rating in a research note issued to investors on Wednesday. They currently have $70.95 price target on the programmable devices maker’s stock.
XLNX has been the subject of several other research reports. Morgan Stanley increased their price target on shares of Xilinx from $67.00 to $72.00 and gave the stock an overweight rating in a research report on Friday, April 28th. Macquarie initiated coverage on shares of Xilinx in a research report on Thursday, March 30th. They issued a neutral rating and a $60.00 price target for the company. Zacks Investment Research lowered shares of Xilinx from a buy rating to a hold rating in a research report on Tuesday, April 18th. Pacific Crest reaffirmed an overweight rating and set a $70.00 price objective on shares of Xilinx in a research note on Friday, May 19th. Finally, Credit Suisse Group raised shares of Xilinx from a neutral rating to an outperform rating and upped their price objective for the stock from $65.00 to $70.00 in a research note on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Xilinx presently has a consensus rating of Hold and a consensus price target of $64.38.
Xilinx (NASDAQ XLNX) opened at 63.67 on Wednesday. Xilinx has a 52 week low of $48.75 and a 52 week high of $68.68. The firm has a 50-day moving average price of $65.47 and a 200-day moving average price of $61.66. The firm has a market capitalization of $15.78 billion, a P/E ratio of 27.21 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Xilinx will post $2.53 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. Xilinx’s payout ratio is presently 60.09%.
In other Xilinx news, CEO Moshe Gavrielov sold 15,300 shares of the stock in a transaction on Monday, May 8th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the sale, the chief financial officer now owns 19,058 shares in the company, valued at $1,270,978.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,600 shares of company stock worth $3,234,839. Company insiders own 0.40% of the company’s stock.
A number of large investors have recently bought and sold shares of XLNX. TrimTabs Asset Management LLC raised its stake in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after buying an additional 936 shares during the period. Whittier Trust Co. raised its stake in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after buying an additional 2,664 shares during the period. Huntington National Bank raised its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the period. Finally, First Mercantile Trust Co. raised its stake in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock valued at $174,000 after buying an additional 324 shares during the period. Institutional investors own 94.20% of the company’s stock.
Xilinx Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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