Xilinx PT Raised to $49.00 (XLNX)
Equities researchers at JPMorgan Chase & Co. hoisted their price target on shares of Xilinx (NASDAQ:XLNX) from $47.00 to $49.00 in a research report issued on Thursday, AnalystRatings.NET reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 7.95% from the stock’s previous close.
Xilinx (NASDAQ:XLNX) traded down 3.28% during mid-day trading on Thursday, hitting $45.39. The stock had a trading volume of 10,801,521 shares. Xilinx has a 1-year low of $32.12 and a 1-year high of $48.12. The stock has a 50-day moving average of $46.46 and a 200-day moving average of $42.11. The company has a market cap of $12.087 billion and a price-to-earnings ratio of 24.92.
Xilinx (NASDAQ:XLNX) last released its earnings data on Wednesday, October 16th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $598.94 million for the quarter, compared to the consensus estimate of $588.28 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that Xilinx will post $2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.20%.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Xilinx from $47.00 to $46.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Xilinx from $41.00 to $44.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Xilinx currently has a consensus rating of “Hold” and an average target price of $45.52.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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