Xilinx (NASDAQ:XLNX) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

XLNX has been the subject of several other research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $80.00 price objective on shares of Xilinx in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a “hold” rating and set a $68.00 price objective on shares of Xilinx in a research report on Friday, October 27th. Barclays raised their price objective on shares of Xilinx from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $69.73.

Xilinx (XLNX) traded down $1.27 during trading hours on Friday, reaching $68.24. 3,140,000 shares of the company’s stock were exchanged, compared to its average volume of 1,645,003. The firm has a market cap of $17,443.74, a P/E ratio of 29.33, a PEG ratio of 2.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35. Xilinx has a twelve month low of $53.09 and a twelve month high of $75.14.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $620.00 million during the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. research analysts expect that Xilinx will post 2.59 EPS for the current fiscal year.

In other Xilinx news, insider Victor Peng sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $72.00, for a total transaction of $1,800,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 121,400 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were 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 $11,621,221.92. The disclosure for this sale can be found here. In the last three months, insiders sold 213,127 shares of company stock valued at $15,135,685. 0.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of XLNX. Acrospire Investment Management LLC bought a new stake in shares of Xilinx during the 2nd quarter worth $103,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Xilinx by 21.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,297 shares of the programmable devices maker’s stock worth $106,000 after purchasing an additional 407 shares during the period. TrimTabs Asset Management LLC raised its stake in shares of Xilinx by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after purchasing an additional 936 shares during the period. Sun Life Financial INC raised its stake in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after purchasing an additional 1,798 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Xilinx during the 3rd quarter worth $117,000. Institutional investors and hedge funds own 95.22% of the company’s stock.

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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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