Xilinx, Inc. (XLNX) Lifted to Buy at Vetr Inc.
Xilinx, Inc. (NASDAQ:XLNX) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $64.44 price target on the programmable devices maker’s stock. Vetr‘s target price would indicate a potential upside of 6.83% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Robert W. Baird reiterated a “neutral” rating on shares of Xilinx in a research note on Thursday, January 26th. Rosenblatt Securities reiterated a “neutral” rating on shares of Xilinx in a research note on Thursday, February 23rd. MKM Partners reiterated a “neutral” rating and issued a $53.00 target price on shares of Xilinx in a research note on Monday, November 21st. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, January 7th. Finally, Mizuho assumed coverage on Xilinx in a research note on Thursday, March 2nd. They issued a “neutral” rating and a $64.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $58.17.
Xilinx (NASDAQ:XLNX) traded up 0.40% during midday trading on Monday, reaching $60.32. 1,671,887 shares of the company’s stock were exchanged. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 26.46 and a beta of 1.15. The firm has a 50-day moving average price of $59.02 and a 200 day moving average price of $55.60. Xilinx has a 12-month low of $41.53 and a 12-month high of $62.24.
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Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, January 25th. The programmable devices maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The company had revenue of $586 million for the quarter, compared to analyst estimates of $579.58 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts expect that Xilinx will post $2.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 23rd. Investors of record on Wednesday, February 8th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.19%. Xilinx’s dividend payout ratio is currently 57.89%.
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In related news, insider Vincent Tong sold 11,155 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $60.00, for a total value of $669,300.00. Following the sale, the insider now owns 61,383 shares in the company, valued at $3,682,980. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Michael Patterson sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $59.04, for a total value of $354,240.00. Following the completion of the sale, the director now owns 20,164 shares in the company, valued at approximately $1,190,482.56. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Xilinx during the fourth quarter worth approximately $155,625,000. Putnam Investments LLC raised its stake in shares of Xilinx by 7,047.9% in the fourth quarter. Putnam Investments LLC now owns 410,361 shares of the programmable devices maker’s stock worth $24,774,000 after buying an additional 404,620 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of Xilinx during the fourth quarter worth approximately $1,618,000. Castleark Management LLC raised its stake in shares of Xilinx by 3.6% in the fourth quarter. Castleark Management LLC now owns 85,320 shares of the programmable devices maker’s stock worth $5,151,000 after buying an additional 2,950 shares in the last quarter. Finally, United Capital Financial Advisers LLC raised its stake in shares of Xilinx by 6.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 187,159 shares of the programmable devices maker’s stock worth $11,299,000 after buying an additional 10,604 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
To view Vetr’s full report, visit Vetr’s official website.
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