Xilinx (NASDAQ:XLNX) had its target price upped by KeyCorp from $87.00 to $90.00 in a report published on Tuesday morning. They currently have an overweight rating on the programmable devices maker’s stock.

A number of other analysts also recently commented on XLNX. Cowen assumed coverage on Xilinx in a research report on Friday, September 7th. They set a market perform rating and a $81.00 target price on the stock. BidaskClub upgraded Xilinx from a sell rating to a hold rating in a research report on Wednesday, August 29th. Morgan Stanley boosted their target price on Xilinx from $78.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, July 26th. Rosenblatt Securities upgraded Xilinx from a neutral rating to a buy rating and set a $86.00 target price on the stock in a research report on Thursday, July 26th. Finally, Robert W. Baird upgraded Xilinx from a neutral rating to an outperform rating and boosted their target price for the stock from $71.00 to $90.00 in a research report on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Xilinx has an average rating of Buy and an average price target of $78.63.

Xilinx stock opened at $77.36 on Tuesday. The company has a current ratio of 4.38, a quick ratio of 4.11 and a debt-to-equity ratio of 0.52. Xilinx has a 1-year low of $62.27 and a 1-year high of $79.88. The company has a market capitalization of $19.91 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 2.75 and a beta of 1.03.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The firm had revenue of $684.00 million for the quarter, compared to the consensus estimate of $674.46 million. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts anticipate that Xilinx will post 3.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 8th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. Xilinx’s dividend payout ratio is currently 50.88%.

In related news, SVP Emre Onder sold 1,734 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $77.15, for a total value of $133,778.10. Following the completion of the transaction, the senior vice president now directly owns 1,419 shares in the company, valued at $109,475.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the transaction, the vice president now owns 10,271 shares of the company’s stock, valued at $753,583.27. The disclosure for this sale can be found here. Insiders sold 23,943 shares of company stock worth $1,693,880 over the last 90 days. Company insiders own 0.16% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. acquired a new position in Xilinx in the second quarter valued at $7,049,000. SP Asset Management acquired a new position in Xilinx in the second quarter valued at $1,598,000. HRT Financial LLC acquired a new position in Xilinx in the second quarter valued at $468,000. Bank of New York Mellon Corp increased its stake in Xilinx by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,997,073 shares of the programmable devices maker’s stock valued at $130,329,000 after purchasing an additional 27,646 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Xilinx by 25.1% during the second quarter. Schroder Investment Management Group now owns 570,568 shares of the programmable devices maker’s stock worth $37,161,000 after acquiring an additional 114,419 shares during the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.

Xilinx Company Profile

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.

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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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