Xilinx (NASDAQ:XLNX) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.
A number of other equities research analysts also recently weighed in on the stock. Morgan Stanley upped their price target on shares of Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. BidaskClub downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Robert W. Baird reissued a “hold” rating and issued a $68.00 price target on shares of Xilinx in a report on Friday, October 27th. Finally, Barclays upped their price target on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $70.68.
Xilinx (XLNX) traded up $3.66 during mid-day trading on Friday, reaching $74.15. 5,643,953 shares of the company traded hands, compared to its average volume of 1,778,005. The firm has a market capitalization of $17,689.67, a P/E ratio of 31.29, a P/E/G 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.
In other Xilinx news, CEO Moshe Gavrielov sold 1,400 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $73.38, for a total transaction of $102,732.00. Following the sale, the chief executive officer now owns 111,413 shares in the company, valued at approximately $8,175,485.94. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,728 shares of company stock worth $2,293,154. Corporate insiders own 0.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC acquired a new stake in Xilinx during the 2nd quarter worth about $103,000. Sun Life Financial INC increased its holdings in shares of 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 period. San Francisco Sentry Investment Group CA acquired a new position in shares of Xilinx in the 3rd quarter valued at about $117,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 period. Finally, Comerica Securities Inc. acquired a new position in shares of Xilinx in the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
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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.
