Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned an average recommendation of “Hold” from the twenty-four analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $69.18.

XLNX has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Friday, October 27th. MKM Partners lifted their price target on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. KeyCorp set a $78.00 price target on shares of Xilinx and gave the company a “buy” rating in a research report on Wednesday, October 11th. Deutsche Bank lifted their price target on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley lifted their price target on shares of Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday.

In other Xilinx news, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 164,304 shares in the company, valued at approximately $11,621,221.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $72.20, for a total value of $180,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 213,127 shares of company stock valued at $15,135,685 over the last 90 days. Insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Dearborn Partners LLC lifted its holdings in Xilinx by 2.3% in the 2nd quarter. Dearborn Partners LLC now owns 336,588 shares of the programmable devices maker’s stock worth $21,649,000 after buying an additional 7,493 shares in the last quarter. Principal Financial Group Inc. grew its position in Xilinx by 1.9% in the 2nd quarter. Principal Financial Group Inc. now owns 398,503 shares of the programmable devices maker’s stock worth $25,632,000 after purchasing an additional 7,486 shares during the last quarter. Delta Lloyd Asset Management N.V. bought a new position in Xilinx in the 2nd quarter worth about $2,376,000. KBC Group NV grew its position in Xilinx by 31.2% in the 2nd quarter. KBC Group NV now owns 30,949 shares of the programmable devices maker’s stock worth $1,991,000 after purchasing an additional 7,359 shares during the last quarter. Finally, Atlantic Trust Group LLC bought a new position in Xilinx in the 2nd quarter worth about $6,328,000. Institutional investors own 95.23% of the company’s stock.

Shares of Xilinx (XLNX) traded up $0.04 on Friday, reaching $68.07. The company’s stock had a trading volume of 1,445,500 shares, compared to its average volume of 2,591,912. Xilinx has a 12 month low of $54.99 and a 12 month high of $75.14. The stock has a market cap of $17,060.00, a price-to-earnings ratio of 28.70, a PEG ratio of 2.81 and a beta of 1.07. 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 (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The company had revenue of $620.00 million for the quarter, compared to analyst estimates of $620.99 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts predict that Xilinx will post 2.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 2.06%. Xilinx’s dividend payout ratio is currently 59.07%.

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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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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