ValuEngine downgraded shares of Xilinx (NASDAQ:XLNX) from a strong-buy rating to a buy rating in a research note released on Monday morning, ValuEngine reports.

XLNX has been the subject of a number of other research reports. Morgan Stanley lifted their price target on shares of Xilinx from $101.00 to $137.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. SunTrust Banks boosted their target price on shares of Xilinx to $102.00 and gave the company a hold rating in a research note on Thursday, January 24th. Mizuho upgraded shares of Xilinx from a neutral rating to a buy rating and set a $100.00 target price for the company in a research note on Thursday, January 17th. Argus boosted their target price on shares of Xilinx to $130.00 and gave the company a buy rating in a research note on Friday, January 25th. Finally, Robert W. Baird boosted their target price on shares of Xilinx from $105.00 to $120.00 and gave the company an outperform rating in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $115.52.

Shares of NASDAQ:XLNX opened at $114.45 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.19 and a quick ratio of 7.53. The firm has a market capitalization of $29.06 billion, a P/E ratio of 32.89, a P/E/G ratio of 2.38 and a beta of 1.12. Xilinx has a 12-month low of $64.15 and a 12-month high of $141.60.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). The company had revenue of $828.36 million during the quarter, compared to the consensus estimate of $826.51 million. Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Equities research analysts predict that Xilinx will post 3.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.29%. This is a positive change from Xilinx’s previous quarterly dividend of $0.36. Xilinx’s dividend payout ratio is currently 41.38%.

In other news, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the transaction, the senior vice president now owns 1,834 shares in the company, valued at $244,105.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Xilinx by 12.2% in the first quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock worth $2,680,020,000 after purchasing an additional 2,294,950 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Xilinx by 12,987.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,595,886 shares of the programmable devices maker’s stock worth $89,000 after purchasing an additional 7,537,845 shares during the period. FMR LLC lifted its holdings in Xilinx by 629.8% in the fourth quarter. FMR LLC now owns 4,579,088 shares of the programmable devices maker’s stock worth $390,001,000 after purchasing an additional 3,951,683 shares during the period. Bank of New York Mellon Corp lifted its holdings in Xilinx by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 4,425,463 shares of the programmable devices maker’s stock worth $376,918,000 after purchasing an additional 116,032 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Xilinx by 12.2% in the first quarter. Geode Capital Management LLC now owns 4,360,731 shares of the programmable devices maker’s stock worth $552,115,000 after purchasing an additional 472,534 shares during the period. 88.27% of the stock is owned by institutional investors and hedge funds.

About Xilinx

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

Recommended Story: Why is a lock-up period needed for an IPO?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.