Credit Suisse Group set a $75.00 price objective on Xilinx, Inc. (NASDAQ:XLNX) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the programmable devices maker’s stock.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company downgraded shares of Xilinx from an outperform rating to a market perform rating and set a $66.00 price objective for the company. in a research note on Tuesday, May 23rd. Vetr upgraded shares of Xilinx from a hold rating to a buy rating and set a $65.52 price objective for the company in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of Xilinx from a buy rating to a strong-buy rating in a research note on Saturday, June 24th. Pacific Crest reiterated an overweight rating and set a $70.00 price objective on shares of Xilinx in a research note on Wednesday, June 21st. Finally, Mizuho reiterated a hold rating and set a $64.00 price objective on shares of Xilinx in a research note on Thursday, April 27th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Xilinx 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 market capitalization of $15.78 billion, a price-to-earnings ratio of 27.21 and a beta of 1.10. Xilinx has a 52 week low of $48.75 and a 52 week high of $68.68. The firm’s 50-day moving average is $65.47 and its 200-day moving average is $61.66.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating 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 company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. During the same period last year, the firm earned $0.61 earnings per share. Xilinx’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Xilinx will post $2.53 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be paid 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 payout ratio is currently 60.09%.

In other Xilinx news, CEO Moshe Gavrielov sold 400 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $67.73, for a total value of $27,092.00. Following the sale, the chief executive officer now directly owns 235,366 shares of the company’s stock, valued at approximately $15,941,339.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were 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 directly 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 three months, insiders sold 49,600 shares of company stock worth $3,234,839. Insiders own 0.40% of the company’s stock.

Several large investors have recently made changes to their positions in XLNX. TrimTabs Asset Management LLC increased its stake in shares of Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of 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 worth $156,000 after buying an additional 2,664 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares in the last quarter. 94.06% of the stock is currently owned by institutional investors.

About Xilinx

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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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