Xilinx, Inc. (NASDAQ:XLNX) Downgraded by Vetr Inc. to “Buy”
Xilinx, Inc. (NASDAQ:XLNX) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They currently have a $70.95 price objective on the programmable devices maker’s stock. Vetr‘s target price points to a potential upside of 11.15% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Friday, April 28th. Credit Suisse Group reiterated a “buy” rating on shares of Xilinx in a research note on Wednesday, May 24th. Jefferies Group LLC upgraded shares of Xilinx from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $77.00 in a research note on Monday, July 10th. BidaskClub lowered shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, KeyCorp set a $70.00 price target on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus price target of $64.57.
Xilinx (NASDAQ XLNX) traded up 0.87% during midday trading on Monday, hitting $63.83. 2,250,357 shares of the company traded hands. The stock’s 50-day moving average price is $65.39 and its 200 day moving average price is $61.78. Xilinx has a 12-month low of $48.75 and a 12-month high of $68.68. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of 27.28 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the prior year, the business earned $0.61 EPS. Xilinx’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Xilinx will post $2.54 EPS for the current year.
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In other Xilinx news, CFO Lorenzo Flores sold 9,600 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $66.69, for a total value of $640,224.00. Following the completion of the sale, the chief financial officer now directly owns 19,058 shares in the company, valued at $1,270,978.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 6,900 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $64.87, for a total transaction of $447,603.00. Following the completion of the sale, the chief executive officer now owns 238,166 shares of the company’s stock, valued at $15,449,828.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,231 shares of company stock valued at $3,025,929. Corporate insiders own 0.40% of the company’s stock.
Large investors have recently bought and sold shares of the company. Wealthsource Partners LLC raised its position in Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock worth $364,000 after buying an additional 40 shares during the period. HighTower Advisors LLC raised its position in Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares during the period. Notis McConarty Edward raised its position in Xilinx by 0.3% in the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after buying an additional 60 shares during the period. Capital Advantage Inc. raised its position in Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock worth $384,000 after buying an additional 75 shares during the period. Finally, Seaward Management Limited Partnership raised its position in Xilinx by 2.1% in the second quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 94.61% 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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