Xilinx, Inc. (NASDAQ:XLNX) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other analysts have also recently commented on the company. Vetr cut Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 price target on the stock. in a research report on Monday, August 7th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, August 1st. Credit Suisse Group set a $75.00 price objective on Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. Barclays PLC set a $65.00 price objective on Xilinx and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, KeyCorp set a $70.00 price objective on Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. Xilinx currently has a consensus rating of “Hold” and a consensus price target of $64.57.

Shares of Xilinx (NASDAQ XLNX) traded down 0.49% during mid-day trading on Friday, hitting $61.02. The stock had a trading volume of 1,686,112 shares. Xilinx has a 52-week low of $48.75 and a 52-week high of $68.68. The firm has a market cap of $15.17 billion, a PE ratio of 26.08 and a beta of 1.09. The stock’s 50-day moving average price is $64.24 and its 200-day moving average price is $62.10.

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

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In other news, insider Steven L. Glaser sold 15,788 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 400 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $67.73, for a total value of $27,092.00. Following the completion of the sale, the chief executive officer now owns 235,366 shares of the company’s stock, valued at $15,941,339.18. The disclosure for this sale can be found here. Insiders sold a total of 37,931 shares of company stock valued at $2,422,890 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of XLNX. Acrospire Investment Management LLC bought a new stake in Xilinx during the second quarter valued at approximately $103,000. Northwestern Mutual Wealth Management Co. raised its stake in Xilinx by 21.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,297 shares of the programmable devices maker’s stock valued at $106,000 after buying an additional 407 shares during the period. TrimTabs Asset Management LLC raised 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 period. Sun Life Financial INC raised its stake in Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after buying an additional 1,798 shares during the period. Finally, Mizuho Asset Management Co. Ltd. raised its stake in Xilinx by 94.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,186 shares of the programmable devices maker’s stock valued at $147,000 after buying an additional 1,548 shares during the period. Hedge funds and other institutional investors own 92.39% 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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