Xilinx, Inc. (NASDAQ:XLNX) had its price target hoisted by MKM Partners from $63.00 to $78.00 in a research report report published on Sunday. MKM Partners currently has a neutral rating on the programmable devices maker’s stock.
Other research analysts have also recently issued research reports about the company. Vetr raised Xilinx from a sell rating to a buy rating and set a $69.47 price target for the company in a research note on Monday, June 19th. Jefferies Group LLC raised Xilinx from a hold rating to a buy rating and increased their price target for the stock from $68.00 to $77.00 in a research note on Monday, July 10th. BidaskClub cut Xilinx from a strong-buy rating to a buy rating in a research note on Wednesday, July 19th. KeyCorp set a $70.00 price target on Xilinx and gave the stock a buy rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group set a $75.00 price target on Xilinx and gave the stock a buy rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $65.76.
Shares of Xilinx (NASDAQ:XLNX) opened at 72.48 on Friday. The firm has a 50-day moving average price of $67.77 and a 200-day moving average price of $64.37. Xilinx has a 12-month low of $48.75 and a 12-month high of $72.85. The firm has a market cap of $18.02 billion, a P/E ratio of 30.97 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Xilinx will post $2.54 earnings per share for the current fiscal year.
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In related news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Moshe Gavrielov sold 6,399 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $71.73, for a total value of $459,000.27. Following the completion of the sale, the chief executive officer now directly owns 135,014 shares of the company’s stock, valued at $9,684,554.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,330 shares of company stock valued at $14,598,104. Company insiders own 0.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in XLNX. Acrospire Investment Management LLC purchased a new stake in Xilinx in the 2nd quarter worth about $103,000. Sun Life Financial INC lifted its stake in Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after acquiring an additional 1,798 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Xilinx by 9,866.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after acquiring an additional 2,664 shares in the last quarter. Huntington National Bank lifted its stake in Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Xilinx by 46.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after acquiring an additional 936 shares in the last quarter. 97.42% of the stock is owned by hedge funds and other institutional investors.
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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