Shares of Xilinx Inc. (NASDAQ:XLNX) have been given a consensus rating of “Hold” by the twenty-four analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $50.32.
Several equities research analysts have recently weighed in on XLNX shares. Pacific Crest increased their price objective on Xilinx from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. Wells Fargo & Co. reissued a “buy” rating on shares of Xilinx in a report on Wednesday, July 6th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, September 20th. BMO Capital Markets reissued a “buy” rating and issued a $60.00 price objective on shares of Xilinx in a report on Thursday, July 28th. Finally, Morgan Stanley increased their price objective on Xilinx from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th.
In related news, CEO Moshe Gavrielov sold 4,812 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $54.73, for a total transaction of $263,360.76. Following the sale, the chief executive officer now owns 356,622 shares of the company’s stock, valued at $19,517,922.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vincent Tong sold 80,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $51.79, for a total value of $4,143,200.00. Following the sale, the insider now directly owns 107,879 shares in the company, valued at approximately $5,587,053.41. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.
Several hedge funds have recently bought and sold shares of XLNX. Northwestern Mutual Wealth Management Co. raised its stake in Xilinx by 21.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,297 shares of the programmable devices maker’s stock worth $106,000 after buying an additional 407 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Xilinx during the second quarter worth about $119,000. Compagnie Lombard Odier SCmA raised its stake in shares of Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock worth $130,000 after buying an additional 312 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of Xilinx by 94.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,186 shares of the programmable devices maker’s stock worth $147,000 after buying an additional 1,548 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Xilinx by 2.4% in the second quarter. Creative Planning now owns 3,472 shares of the programmable devices maker’s stock worth $160,000 after buying an additional 81 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors and hedge funds.
Xilinx (NASDAQ:XLNX) opened at 53.35 on Monday. Xilinx has a 12 month low of $40.44 and a 12 month high of $54.82. The company has a 50 day moving average of $53.23 and a 200 day moving average of $48.36. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 25.30 and a beta of 1.33.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. The firm earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities analysts predict that Xilinx will post $2.22 EPS for the current year.
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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