Xilinx (XLNX) Upgraded by Goldman Sachs Group to “Buy”
Goldman Sachs Group upgraded shares of Xilinx (NASDAQ:XLNX) from a neutral rating to a buy rating in a research note published on Friday morning, Marketbeat.com reports.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Xilinx from a hold rating to a buy rating and set a $79.00 target price for the company in a research report on Friday, October 27th. BMO Capital Markets reissued a buy rating and set a $80.00 target price on shares of Xilinx in a research report on Wednesday, October 18th. KeyCorp set a $78.00 target price on shares of Xilinx and gave the stock a buy rating in a research report on Wednesday, October 11th. Barclays increased their target price on shares of Xilinx from $65.00 to $67.00 and gave the stock an equal weight rating in a research report on Thursday, October 26th. Finally, SunTrust Banks reissued a hold rating on shares of Xilinx in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company. Xilinx presently has an average rating of Hold and an average price target of $70.68.
Xilinx (NASDAQ XLNX) opened at $74.64 on Friday. The firm has a market cap of $18,730.00, a PE ratio of 31.49, a PEG ratio of 3.06 and a beta of 1.08. Xilinx has a 1-year low of $54.99 and a 1-year high of $75.14. 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 announced its quarterly earnings data on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $620.00 million for the quarter, compared to analyst estimates of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. research analysts anticipate that Xilinx will post 2.59 earnings per share for the current year.
In other Xilinx news, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the completion of the sale, the chief financial officer now owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Moshe Gavrielov sold 1,400 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $73.38, for a total transaction of $102,732.00. Following the completion of the sale, the chief executive officer now directly owns 111,413 shares of the company’s stock, valued at approximately $8,175,485.94. The disclosure for this sale can be found here. Insiders sold 31,728 shares of company stock valued at $2,293,154 in the last ninety days. 0.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new stake in Xilinx in the second quarter valued at approximately $103,000. San Francisco Sentry Investment Group CA acquired a new stake in Xilinx in the third quarter valued at approximately $117,000. Sun Life Financial INC boosted its stake 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 valued at $116,000 after buying an additional 1,798 shares during the last quarter. Pictet North America Advisors SA purchased a new position in shares of Xilinx during the 3rd quarter valued at approximately $207,000. Finally, Banque Pictet & Cie SA purchased a new position in shares of Xilinx during the 3rd quarter valued at approximately $207,000. 94.98% of the stock is owned by institutional investors.
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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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