Xilinx Sees Significant Decrease in Short Interest (XLNX)
Shares of Xilinx (NASDAQ:XLNX) were the target of a significant drop in short interest in May. As of May 30th, there was short interest totalling 3,671,225 shares, a drop of 22.3% from the May 15th total of 4,723,811 shares, American Banking News reports. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 2,326,781 shares, the days-to-cover ratio is currently 1.6 days.
A number of research firms have recently commented on XLNX. Analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday, June 13th. They now have a $48.00 price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Xilinx from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $49.00 price target on the stock, down previously from $55.00. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $52.77.
Xilinx (NASDAQ:XLNX) opened at 47.47 on Wednesday. Xilinx has a 52 week low of $38.29 and a 52 week high of $55.59. The stock has a 50-day moving average of $46.30 and a 200-day moving average of $48.32. The company has a market cap of $12.760 billion and a price-to-earnings ratio of 21.50.
Xilinx (NASDAQ:XLNX) last released its 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. Analysts expect that Xilinx will post $2.44 EPS for the current fiscal year.
Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.
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