Share on StockTwits
 

Analysts at BMO Capital Markets increased their price objective on shares of Xilinx (NASDAQ:XLNX) from $50.00 to $52.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. BMO Capital Markets’ target price points to a potential upside of 6.14% from the company’s current price.

In other Xilinx news, CFO Jon Olson sold 90,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $45.37, for a total value of $4,083,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners initiated coverage on shares of Xilinx in a research note on Tuesday. They set a “buy” rating and a $54.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Monday, January 27th. They now have a $49.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Xilinx in a research note on Wednesday, January 22nd. They now have a $52.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Xilinx currently has a consensus rating of “Buy” and an average target price of $49.00.

Shares of Xilinx (NASDAQ:XLNX) opened at 48.90 on Thursday. Xilinx has a 52-week low of $34.98 and a 52-week high of $49.19. The stock has a 50-day moving average of $46.32 and a 200-day moving average of $45.5. The company has a market cap of $13.049 billion and a price-to-earnings ratio of 22.39. Xilinx also was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 16,723,692 shares, an increase of 28.9% from the January 15th total of 12,971,534 shares. Currently, 6.3% of the company’s stock are short sold. Based on an average daily trading volume, of 5,511,641 shares, the short-interest ratio is currently 3.0 days.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.01. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $600.61 million. During the same quarter last year, the company posted $0.38 earnings per share. Xilinx’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Xilinx will post $2.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from Xilinx’s previous quarterly dividend of $0.25.

Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.