Xilinx, Inc. (XLNX) Given a $70.00 Price Target by KeyCorp Analysts
KeyCorp set a $70.00 target price on Xilinx, Inc. (NASDAQ:XLNX) in a research report released on Thursday morning. The firm currently has a buy rating on the programmable devices maker’s stock. KeyCorp also issued estimates for Xilinx’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.63 EPS, Q1 2019 earnings at $0.73 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.90 EPS.
Several other research analysts have also recently weighed in on XLNX. Raymond James Financial, Inc. restated a hold rating on shares of Xilinx in a research note on Thursday. Barclays PLC upgraded Xilinx from an underweight rating to an equal weight rating and boosted their price target for the stock from $53.00 to $60.00 in a research note on Tuesday, July 18th. Mizuho restated a neutral rating and issued a $69.00 price target (up previously from $68.00) on shares of Xilinx in a research note on Thursday. BidaskClub cut Xilinx from a strong-buy rating to a buy rating in a research note on Wednesday, July 19th. Finally, Rosenblatt Securities restated a hold rating on shares of Xilinx in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $64.38.
Xilinx (XLNX) opened at 63.67 on Thursday. The company has a market cap of $15.78 billion, a P/E ratio of 27.21 and a beta of 1.10. The firm has a 50-day moving average price of $65.47 and a 200-day moving average price of $61.66. Xilinx has a 52 week low of $48.75 and a 52 week high of $68.68.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Xilinx will post $2.53 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio is presently 60.09%.
In other news, insider Krishna Rangasayee sold 15,000 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $64.89, for a total value of $973,350.00. Following the completion of the transaction, the insider now owns 15,555 shares of the company’s stock, valued at $1,009,363.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 15,300 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $64.78, for a total value of $991,134.00. Following the completion of the transaction, the chief executive officer now directly owns 245,066 shares of the company’s stock, valued at approximately $15,875,375.48. The disclosure for this sale can be found here. Insiders have sold 49,600 shares of company stock valued at $3,234,839 in the last three months. 0.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in XLNX. Wealthsource Partners LLC raised its position in Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock worth $364,000 after buying an additional 40 shares during the period. HighTower Advisors LLC raised its position in Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares during the period. Notis McConarty Edward raised its position in Xilinx by 0.3% in the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after buying an additional 60 shares during the period. Capital Advantage Inc. raised its position in Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock worth $384,000 after buying an additional 75 shares during the period. Finally, ING Groep NV raised its position in Xilinx by 0.3% in the second quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock worth $1,973,000 after buying an additional 93 shares during the period. 94.06% of the stock is owned by hedge funds and other institutional investors.
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.
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