Xilinx Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:XLNX)
Shares of Xilinx (NASDAQ:XLNX) have been given an average recommendation of “Hold” by the twenty-five ratings firms that are currently covering the stock, American Banking & Market News reports. Thirteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $50.20.
A number of analysts have recently weighed in on XLNX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday. They now have a $43.00 price target on the stock. Separately, analysts at Argus upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Thursday. They noted that the move was a valuation call. Finally, analysts at Topeka Capital Markets cut their price target on shares of Xilinx from $49.00 to $45.00 in a research note on Wednesday. They now have a “hold” rating on the stock.
Shares of Xilinx (NASDAQ:XLNX) opened at 41.46 on Wednesday. Xilinx has a 1-year low of $39.12 and a 1-year high of $55.59. The stock’s 50-day moving average is $47. and its 200-day moving average is $48.74. The company has a market cap of $11.097 billion and a price-to-earnings ratio of 18.39. Xilinx also was the target of some unusual options trading activity on Friday. Stock traders bought 11,148 call options on the stock. This is an increase of 376% compared to the average volume of 2,343 call options.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.01. The company had revenue of $612.60 million for the quarter, compared to the consensus estimate of $631.42 million. During the same quarter last year, the company posted $0.56 earnings per share. Xilinx’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Xilinx will post $2.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Wednesday, August 6th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Monday, August 4th.
Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.
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