Xilinx, Inc. (XLNX) Earns Hold Rating from SunTrust Banks, Inc.
Xilinx, Inc. (NASDAQ:XLNX)‘s stock had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Wednesday.
Several other equities analysts have also issued reports on XLNX. Vetr raised Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target on the stock in a research note on Monday, June 19th. Jefferies Group LLC raised shares of Xilinx from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $77.00 in a research report on Monday, July 10th. BidaskClub downgraded shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. KeyCorp set a $70.00 price objective on shares of Xilinx and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group set a $75.00 price objective on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Three 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 an average rating of “Hold” and a consensus price target of $64.57.
Shares of Xilinx (XLNX) traded down 0.03% during trading on Wednesday, hitting $71.13. The company had a trading volume of 1,909,390 shares. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 30.40 and a beta of 1.10. The stock has a 50-day moving average of $66.31 and a 200 day moving average of $63.91. Xilinx has a 12-month low of $48.75 and a 12-month high of $71.76.
Xilinx (NASDAQ:XLNX) last announced its 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. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company 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 company earned $0.61 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts predict that Xilinx will post $2.54 EPS for the current fiscal year.
In other news, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $70.73, for a total value of $8,586,622.00. Following the transaction, the chief executive officer now owns 164,304 shares in the company, valued at approximately $11,621,221.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, 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 sold a total of 174,331 shares of company stock valued at $12,086,196 over the last ninety days. 0.40% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Xilinx by 743.4% during the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock worth $468,770,000 after acquiring an additional 6,423,813 shares during the period. Winslow Capital Management LLC purchased a new position in Xilinx in the first quarter worth $203,769,000. Canada Pension Plan Investment Board boosted its position in Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock worth $117,537,000 after purchasing an additional 1,619,600 shares during the last quarter. American Century Companies Inc. boosted its position in Xilinx by 104.8% in the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock worth $201,592,000 after purchasing an additional 1,603,850 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock worth $97,805,000 after purchasing an additional 1,232,206 shares during the last quarter. 97.42% of the stock is owned by institutional investors.
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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