Share on StockTwits

Xilinx (NASDAQ:XLNX) was downgraded by Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $50.00 price objective on the stock. Credit Suisse’s target price would indicate a potential downside of 4.62% from the stock’s previous close.

A number of other analysts have also recently weighed in on XLNX. Analysts at Deutsche Bank raised their price target on shares of Xilinx from $43.00 to $45.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Xilinx from $54.00 to $57.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Xilinx from $55.00 to $60.00 in a research note on Monday, April 7th. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Xilinx currently has a consensus rating of “Buy” and an average target price of $52.68.

Shares of Xilinx (NASDAQ:XLNX) traded down 8.66% on Thursday, hitting $47.88. 6,252,714 shares of the company’s stock traded hands. Xilinx has a one year low of $36.22 and a one year high of $55.59. The stock’s 50-day moving average is $53.18 and its 200-day moving average is $47.92. The company has a market cap of $12.777 billion and a price-to-earnings ratio of 24.47.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.53 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.02. The company had revenue of $617.80 million for the quarter, compared to the consensus estimate of $611.74 million. During the same quarter last year, the company posted $0.47 earnings per share. Xilinx’s revenue was up 16.1% compared to the same quarter last year. Analysts expect that Xilinx will post $2.46 EPS for the current fiscal year.

Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.

The Fly On The Wall

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.