Xilinx (NASDAQ:XLNX) Price Target Increased to $95.00 by Analysts at Cowen

Xilinx (NASDAQ:XLNX) had its price target raised by Cowen from $90.00 to $95.00 in a research report released on Tuesday, Briefing.com Automated Import reports. They currently have a market perform rating on the programmable devices maker’s stock.

Several other brokerages have also issued reports on XLNX. SunTrust Banks upped their target price on Xilinx from $82.00 to $93.00 and gave the stock a hold rating in a research note on Thursday, April 23rd. Needham & Company LLC reaffirmed a hold rating on shares of Xilinx in a research note on Tuesday. Rosenblatt Securities upped their target price on Xilinx from $105.00 to $120.00 and gave the stock a buy rating in a research note on Monday. Cfra cut their target price on Xilinx from $100.00 to $95.00 and set a hold rating for the company in a research note on Thursday, April 23rd. Finally, Goldman Sachs Group raised Xilinx from a neutral rating to a buy rating and cut their target price for the stock from $100.00 to $92.00 in a research note on Tuesday, March 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $99.10.

Shares of NASDAQ XLNX opened at $98.39 on Tuesday. Xilinx has a 12 month low of $67.68 and a 12 month high of $133.00. The company has a current ratio of 2.68, a quick ratio of 2.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 3.73 and a beta of 0.98. The business has a 50-day moving average of $90.82 and a 200-day moving average of $89.01.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, April 22nd. The programmable devices maker reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $751.53 million. Xilinx had a return on equity of 33.25% and a net margin of 25.07%. Xilinx’s revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, analysts predict that Xilinx will post 2.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were issued a $0.38 dividend. This is an increase from Xilinx’s previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, May 12th. This represents a $1.52 dividend on an annualized basis and a yield of 1.54%. Xilinx’s dividend payout ratio is 45.37%.

In other news, SVP Mark Wadlington sold 2,236 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $84.57, for a total transaction of $189,098.52. Following the completion of the transaction, the senior vice president now directly owns 3,959 shares in the company, valued at $334,812.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Catia Hagopian sold 1,200 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $90.41, for a total value of $108,492.00. Following the transaction, the vice president now owns 15,770 shares of the company’s stock, valued at $1,425,765.70. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of XLNX. Cornerstone Advisors Inc. increased its holdings in shares of Xilinx by 102.3% during the first quarter. Cornerstone Advisors Inc. now owns 358 shares of the programmable devices maker’s stock valued at $28,000 after acquiring an additional 181 shares in the last quarter. WASHINGTON TRUST Co purchased a new stake in shares of Xilinx during the first quarter valued at $37,000. Keebeck Wealth Management LLC purchased a new stake in shares of Xilinx during the fourth quarter valued at $44,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Xilinx during the fourth quarter valued at $44,000. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Xilinx by 160.0% during the first quarter. Ropes Wealth Advisors LLC now owns 650 shares of the programmable devices maker’s stock valued at $51,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 82.60% of the company’s stock.

About Xilinx

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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