Xilinx Now Covered by Analysts at Argus (XLNX)
Argus assumed coverage on shares of Xilinx (NASDAQ: XLNX) in a report issued on Friday. The firm issued a hold rating on the stock.
Shares of Xilinx traded up 0.30% during mid-day trading on Friday, hitting $38.445. Xilinx has a one year low of $30.25 and a one year high of $39.43. The stock’s 50-day moving average is currently $37.32. The company has a market cap of $10.056 billion and a P/E ratio of 21.78.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, May 13th. This is a positive change from Xilinx’s previous quarterly dividend of $0.22.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Xilinx from $31.00 to $35.00 in a research note to investors on Thursday, March 7th. They now have a neutral rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Xilinx from $35.00 to $37.00 in a research note to investors on Wednesday, March 6th. They now have a hold rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Xilinx from $34.50 to $37.00 in a research note to investors on Wednesday, March 6th. They now have a neutral rating on the stock.
Nine research analysts have rated the stock with a buy rating, three have given an overweight rating, and nineteen have assigned a hold rating to the company’s stock. Xilinx currently has a consensus rating of overweight and a consensus price target of $38.84.
Xilinx, Inc. (Xilinx) designs, develops and markets programmable platforms. These programmable platforms have a number of components, including integrated circuits (ICs) in the form of programmable logic devices (PLDs), including Extensible Processing Platforms (EPPs); 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
