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Xilinx (NASDAQ:XLNX) has been given an average rating of “Buy” by the twenty-seven ratings firms that are currently covering the stock, AR Network reports. Nine research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $52.86.

Shares of Xilinx (NASDAQ:XLNX) traded up 0.39% on Friday, hitting $45.99. The stock had a trading volume of 418,002 shares. Xilinx has a one year low of $37.63 and a one year high of $55.59. The stock’s 50-day moving average is $47.08 and its 200-day moving average is $48.1. The company has a market cap of $12.362 billion and a price-to-earnings ratio of 20.92.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data 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. On average, analysts predict that Xilinx will post $2.44 earnings per share for the current fiscal year.

XLNX has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Xilinx from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $49.00 price target on the stock, down previously from $55.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday, April 25th. They now have a $50.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Xilinx from $49.00 to $52.00 in a research note on Thursday, April 24th.

In other Xilinx news, VP Frank A. Tornaghi unloaded 91,666 shares of Xilinx stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $46.02, for a total value of $4,218,469.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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