Xilinx (XLNX) Upgraded at BidaskClub

BidaskClub upgraded shares of Xilinx (NASDAQ:XLNX) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other equities analysts have also issued reports on the company. Robert W. Baird upgraded Xilinx from a neutral rating to an outperform rating and lifted their price target for the company from $71.00 to $90.00 in a research note on Tuesday, August 28th. Needham & Company LLC initiated coverage on Xilinx in a research note on Thursday, September 27th. They issued a buy rating and a $100.00 price target on the stock. Cowen initiated coverage on Xilinx in a research note on Friday, September 7th. They issued a market perform rating and a $81.00 price target on the stock. Morgan Stanley lifted their price target on Xilinx from $78.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, July 26th. Finally, Credit Suisse Group lifted their price target on Xilinx from $85.00 to $100.00 and gave the company an outperform rating in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $81.63.

Shares of NASDAQ XLNX opened at $74.10 on Tuesday. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 2.68 and a beta of 1.01. The company has a quick ratio of 4.11, a current ratio of 4.38 and a debt-to-equity ratio of 0.52. Xilinx has a fifty-two week low of $62.27 and a fifty-two week high of $83.99.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $674.46 million. During the same period in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that Xilinx will post 2.99 EPS for the current fiscal year.

In related news, VP Catia Hagopian sold 1,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total transaction of $73,370.00. Following the sale, the vice president now owns 10,271 shares in the company, valued at approximately $753,583.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emre Onder sold 1,734 shares of the business’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 sale, the senior vice president now owns 1,419 shares in the company, valued at approximately $109,475.85. The disclosure for this sale can be found here. Insiders have sold a total of 14,572 shares of company stock worth $1,064,763 in the last 90 days. 0.16% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its position in shares of Xilinx by 626.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 42,514 shares of the programmable devices maker’s stock valued at $2,774,000 after buying an additional 36,664 shares during the last quarter. Swiss National Bank grew its position in shares of Xilinx by 4.9% in the 2nd quarter. Swiss National Bank now owns 844,584 shares of the programmable devices maker’s stock valued at $55,118,000 after buying an additional 39,500 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in shares of Xilinx by 104.6% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,195 shares of the programmable devices maker’s stock valued at $273,000 after buying an additional 2,145 shares during the last quarter. Reynders McVeigh Capital Management LLC grew its position in shares of Xilinx by 6.9% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 163,944 shares of the programmable devices maker’s stock valued at $10,699,000 after buying an additional 10,524 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in shares of Xilinx in the 2nd quarter valued at about $468,000. Institutional investors and hedge funds own 87.62% 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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