Xilinx, Inc. (XLNX) Lowered to “Hold” at BidaskClub
Xilinx, Inc. (NASDAQ:XLNX) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
XLNX has been the topic of several other reports. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Xilinx in a report on Friday, June 16th. Macquarie assumed coverage on shares of Xilinx in a report on Thursday, March 30th. They issued a “neutral” rating and a $60.00 price objective on the stock. Mizuho boosted their price objective on shares of Xilinx from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday. Vetr upgraded shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective on the stock in a report on Monday, June 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. Xilinx currently has an average rating of “Hold” and an average target price of $64.14.
Xilinx (XLNX) traded down 2.27% on Thursday, hitting $63.84. 6,580,817 shares of the stock were exchanged. Xilinx has a 52-week low of $48.53 and a 52-week high of $68.68. The firm has a market cap of $15.84 billion, a PE ratio of 27.52 and a beta of 1.10. The stock’s 50 day moving average price is $65.71 and its 200 day moving average price is $61.61.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. Xilinx’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Equities research analysts forecast that Xilinx will post $2.49 earnings per share for the current year.
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In related news, CFO Lorenzo Flores sold 9,600 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the sale, the chief financial officer now owns 19,058 shares in the company, valued at $1,270,978.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 15,300 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $64.78, for a total value of $991,134.00. Following the sale, the chief executive officer now owns 245,066 shares of the company’s stock, valued at approximately $15,875,375.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,600 shares of company stock valued at $3,234,839. Corporate insiders own 0.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. TrimTabs Asset Management LLC boosted its stake in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after buying an additional 936 shares during the last quarter. Whittier Trust Co. boosted its stake in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after buying an additional 2,664 shares during the last quarter. Huntington National Bank boosted its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock valued at $174,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 94.20% 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.
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