Xilinx, Inc. (XLNX) Given Consensus Rating of “Hold” by Analysts
Shares of Xilinx, Inc. (NASDAQ:XLNX) have been given a consensus rating of “Hold” by the twenty-four brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $69.18.
Several brokerages have recently commented on XLNX. Morgan Stanley increased their price target on shares of Xilinx from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets restated a “buy” rating and set a $80.00 price target on shares of Xilinx in a research note on Wednesday, October 18th. SunTrust Banks restated a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, MKM Partners raised their target price on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday, October 8th.
Xilinx (NASDAQ XLNX) traded up $0.04 during mid-day trading on Friday, reaching $68.07. 1,445,500 shares of the company traded hands, compared to its average volume of 2,591,912. Xilinx has a fifty-two week low of $54.99 and a fifty-two week high of $75.14. The firm has a market capitalization of $17,060.00, a price-to-earnings ratio of 28.70, a PEG ratio of 2.81 and a beta of 1.07. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business had revenue of $620.00 million during the quarter, compared to the consensus estimate of $620.99 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts forecast that Xilinx will post 2.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.06%. Xilinx’s payout ratio is presently 59.07%.
In other news, insider Victor Peng sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.00, for a total transaction of $1,800,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Moshe Gavrielov sold 121,400 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $70.73, for a total transaction of $8,586,622.00. Following the transaction, the chief executive officer now directly owns 164,304 shares of the company’s stock, valued at $11,621,221.92. The disclosure for this sale can be found here. Insiders sold a total of 213,127 shares of company stock worth $15,135,685 over the last 90 days. Company insiders own 0.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in Xilinx during the 2nd quarter valued at about $103,000. Sun Life Financial INC grew its position in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Xilinx during the 3rd quarter worth approximately $117,000. Northwestern Mutual Wealth Management Co. grew its holdings in Xilinx by 46.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after purchasing an additional 936 shares during the period. Finally, Comerica Securities Inc. acquired a new position in Xilinx during the second quarter valued at approximately $202,000. 95.23% of the stock is owned by institutional investors.
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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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