Xilinx Stock Rating Upgraded by Goldman Sachs Group Inc. (XLNX)
Xilinx (NASDAQ:XLNX) was upgraded by research analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on XLNX. Analysts at Drexel Hamilton upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 23rd. They now have a $50.00 price target on the stock. Separately, analysts at Nomura upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, December 12th. They now have a $50.00 price target on the stock, up previously from $40.00. Finally, analysts at JMP Securities initiated coverage on shares of Xilinx in a research note to investors on Thursday, December 12th. They set an “outperform” rating and a $55.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.68.
Shares of Xilinx (NASDAQ:XLNX) opened at 45.92 on Thursday. Xilinx has a 52 week low of $34.98 and a 52 week high of $48.12. The stock has a 50-day moving average of $44.29 and a 200-day moving average of $44.55. The company has a market cap of $12.321 billion and a P/E ratio of 23.85.
Xilinx (NASDAQ:XLNX) last released its earnings data on Wednesday, October 16th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.46 earnings per share. Xilinx’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Xilinx will post $2.18 EPS for the current fiscal year.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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