Shares of Xilinx, Inc. (NASDAQ:XLNX) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $65.55.

Several brokerages recently commented on XLNX. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Xilinx in a report on Friday, June 16th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho reissued a “neutral” rating and issued a $69.00 price objective (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective for the company in a research report on Monday, June 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a research report on Wednesday, May 17th.

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Shares of Xilinx (NASDAQ XLNX) opened at 62.42 on Friday. The firm has a 50-day moving average of $64.80 and a 200 day moving average of $61.97. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 26.68 and a beta of 1.09. Xilinx has a one year low of $48.75 and a one year high of $68.68.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Xilinx will post $2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.24%. Xilinx’s payout ratio is 60.09%.

In other news, CEO Moshe Gavrielov sold 600 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $64.75, for a total value of $38,850.00. Following the sale, the chief executive officer now owns 235,766 shares in the company, valued at $15,265,848.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. Insiders have sold a total of 38,531 shares of company stock worth $2,461,740 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Xilinx by 2.4% in the second quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock worth $1,779,622,000 after buying an additional 638,165 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Xilinx by 4.0% in the first quarter. First Eagle Investment Management LLC now owns 13,577,684 shares of the programmable devices maker’s stock worth $786,012,000 after buying an additional 525,371 shares during the last quarter. Alliancebernstein L.P. raised its stake in Xilinx by 3.8% in the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock worth $571,899,000 after buying an additional 358,064 shares during the last quarter. Janus Capital Management LLC raised its stake in Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock worth $409,062,000 after buying an additional 764,384 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in Xilinx by 9.8% in the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock worth $269,040,000 after buying an additional 413,912 shares during the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.

About Xilinx

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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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