Xilinx, Inc. (XLNX) PT Set at $78.00 by KeyCorp
Xilinx, Inc. (NASDAQ:XLNX) has been assigned a $78.00 price target by KeyCorp in a research note issued on Wednesday. The firm currently has a “buy” rating on the programmable devices maker’s stock. KeyCorp’s price objective indicates a potential upside of 7.20% from the stock’s previous close.
XLNX has been the topic of several other reports. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and issued a $69.00 price target (up from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Vetr raised shares of 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. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.14.
Shares of Xilinx (XLNX) traded down 0.529% during midday trading on Wednesday, hitting $72.375. The stock had a trading volume of 1,432,897 shares. The stock has a market cap of $17.99 billion, a PE ratio of 30.929 and a beta of 1.10. The firm has a 50 day moving average price of $68.10 and a 200-day moving average price of $64.43. Xilinx has a 52-week low of $48.97 and a 52-week high of $72.97.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the 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 period in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts predict that Xilinx will post $2.54 EPS for the current fiscal year.
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In other news, CEO Moshe Gavrielov sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now owns 270,856 shares in the company, valued at approximately $18,894,914.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the sale, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 209,330 shares of company stock valued at $14,598,104 in the last 90 days. Insiders own 0.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of XLNX. Acrospire Investment Management LLC acquired a new stake in Xilinx in the 2nd quarter valued at approximately $103,000. Sun Life Financial INC increased its holdings in Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after purchasing an additional 1,798 shares during the last quarter. Huntington National Bank increased its holdings in Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after purchasing an additional 1,913 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Xilinx by 46.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after purchasing an additional 936 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Xilinx in the 1st quarter valued at approximately $201,000. Hedge funds and other institutional investors own 97.42% 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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