Pacific Crest Upgrades Xilinx to Outperform (XLNX)
Xilinx (NASDAQ:XLNX) was upgraded by equities research analysts at Pacific Crest from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has a $55.00 target price on the stock. Pacific Crest’s price target suggests a potential upside of 18.18% from the stock’s previous close.
In other Xilinx news, VP Frank Tornaghi unloaded 16,858 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $48.00, for a total transaction of $809,184.00. Following the completion of the sale, the vice president now directly owns 4,352 shares of the company’s stock, valued at approximately $208,896. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Xilinx (NASDAQ:XLNX) opened at 46.54 on Monday. Xilinx has a 52-week low of $32.12 and a 52-week high of $48.12. The stock has a 50-day moving average of $45.67 and a 200-day moving average of $41.32. The company has a market cap of $12.393 billion and a price-to-earnings ratio of 24.72.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $549.32 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that Xilinx will post $2.22 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on XLNX. Analysts at Morgan Stanley upgraded shares of Xilinx (NASDAQ:XLNX) from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, August 16th. Separately, analysts at Zacks upgraded shares of Xilinx (NASDAQ:XLNX) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 8th. They now have a $55.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Xilinx (NASDAQ:XLNX) from $42.00 to $48.00 in a research note to investors on Friday, July 19th. They now have an “outperform” rating on the stock. Fifteen research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.77.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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