Xilinx (XLNX) Stock Rating Upgraded by BidaskClub

Xilinx (NASDAQ:XLNX) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group raised shares of Xilinx from a “neutral” rating to a “buy” rating in a research note on Friday. Robert W. Baird reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Xilinx in a research note on Friday, October 27th. Morgan Stanley upped their price objective on shares of Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. SunTrust Banks reissued a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Finally, Barclays increased their price target on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $70.68.

Shares of Xilinx (XLNX) traded up $3.66 during trading hours on Friday, hitting $74.15. 5,680,000 shares of the stock were exchanged, compared to its average volume of 1,778,005. The company has a market cap of $17,689.67, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.91 and a beta of 1.08. Xilinx has a 1 year low of $54.99 and a 1 year high of $75.14. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70.

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

In other news, insider Victor Peng sold 25,000 shares of Xilinx stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of Xilinx stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total transaction of $180,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,728 shares of company stock valued at $2,293,154. 0.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of XLNX. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Xilinx during the fourth quarter valued at approximately $634,000. Parametric Portfolio Associates LLC lifted its holdings in Xilinx by 5.2% during the third quarter. Parametric Portfolio Associates LLC now owns 437,696 shares of the programmable devices maker’s stock valued at $31,002,000 after purchasing an additional 21,495 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Xilinx during the third quarter valued at approximately $2,513,000. IFM Investors Pty Ltd purchased a new position in Xilinx during the third quarter valued at approximately $492,000. Finally, Neuberger Berman Group LLC lifted its holdings in Xilinx by 13.4% during the third quarter. Neuberger Berman Group LLC now owns 15,775 shares of the programmable devices maker’s stock valued at $1,117,000 after purchasing an additional 1,866 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors.

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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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