Xilinx, Inc. (XLNX) Stock Rating Reaffirmed by Vetr Inc.
Xilinx, Inc. (NASDAQ:XLNX)‘s stock had its “hold” rating reaffirmed by analysts at Vetr in a report issued on Thursday.
A number of other brokerages have also commented on XLNX. Pacific Crest restated an “overweight” rating and issued a $70.00 price target on shares of Xilinx in a report on Monday, May 8th. Mizuho reiterated a “hold” rating and set a $64.00 target price on shares of Xilinx in a report on Thursday, April 27th. Jefferies Group LLC upped their target price on Xilinx from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Instinet upped their target price on Xilinx from $45.00 to $50.00 and gave the stock a “reduce” rating in a report on Wednesday, May 24th. Finally, BidaskClub lowered Xilinx from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.27.
Shares of Xilinx (NASDAQ:XLNX) traded up 0.50% on Thursday, reaching $65.92. The company’s stock had a trading volume of 2,458,249 shares. Xilinx has a 1-year low of $47.53 and a 1-year high of $68.68. The company’s 50 day moving average is $66.00 and its 200-day moving average is $61.40. The stock has a market cap of $16.35 billion, a PE ratio of 28.41 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $609.50 million for the quarter, compared to analyst estimates of $605.25 million. Xilinx had a return on equity of 24.41% and a net margin of 26.50%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities analysts predict that Xilinx will post $2.49 earnings per share for the current fiscal year.
In other news, insider Krishna Rangasayee sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $64.89, for a total value of $973,350.00. Following the transaction, the insider now owns 15,555 shares of the company’s stock, valued at $1,009,363.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 400 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $67.73, for a total value of $27,092.00. Following the completion of the transaction, the chief executive officer now directly owns 235,366 shares in the company, valued at approximately $15,941,339.18. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock worth $4,862,471 in the last ninety days. 0.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Rosenbaum Jay D. increased its stake in shares of Xilinx by 0.6% in the first quarter. Rosenbaum Jay D. now owns 23,270 shares of the programmable devices maker’s stock worth $1,348,000 after buying an additional 150 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Xilinx by 86.1% in the first quarter. Nationwide Fund Advisors now owns 222,164 shares of the programmable devices maker’s stock worth $12,861,000 after buying an additional 102,779 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of Xilinx by 1.1% in the fourth quarter. Perigon Wealth Management LLC now owns 101,132 shares of the programmable devices maker’s stock worth $5,940,000 after buying an additional 1,132 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock worth $1,564,772,000 after buying an additional 812,627 shares in the last quarter. Finally, Searle & CO. bought a new stake in shares of Xilinx during the fourth quarter worth about $543,000. 94.25% of the stock is currently owned by institutional investors and hedge funds.
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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