Xilinx (XLNX) Stock Rating Reaffirmed by Barclays

Xilinx (NASDAQ:XLNX)‘s stock had its “hold” rating reiterated by research analysts at Barclays in a report issued on Friday. They currently have a $70.00 price objective on the programmable devices maker’s stock. Barclays’ target price suggests a potential downside of 8.26% from the company’s current price.

XLNX has been the subject of several other reports. BMO Capital Markets reissued a “buy” rating and set a $80.00 target price on shares of Xilinx in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Xilinx in a research report on Friday, October 27th. BidaskClub downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Argus upped their price objective on shares of Xilinx to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.70.

Shares of Xilinx (XLNX) opened at $76.30 on Friday. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. The company has a market cap of $19,037.29, a PE ratio of 32.19, a PEG ratio of 3.13 and a beta of 1.08. Xilinx has a 52-week low of $54.99 and a 52-week high of $76.58.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company 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 firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. research analysts anticipate that Xilinx will post 2.59 EPS for the current year.

In other Xilinx news, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Moshe Gavrielov sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the completion of the transaction, the chief executive officer now owns 62,813 shares in the company, valued at $4,761,853.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,728 shares of company stock worth $3,809,354. Corporate insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in shares of Xilinx by 743.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after buying an additional 6,423,813 shares in the last quarter. FIL Ltd lifted its stake in shares of Xilinx by 905.7% during the 2nd quarter. FIL Ltd now owns 4,434,813 shares of the programmable devices maker’s stock valued at $204,577,000 after buying an additional 3,993,842 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Xilinx during the 1st quarter valued at approximately $203,769,000. Alliancebernstein L.P. lifted its stake in shares of Xilinx by 45.7% during the 2nd quarter. Alliancebernstein L.P. now owns 9,876,804 shares of the programmable devices maker’s stock valued at $455,617,000 after buying an additional 3,097,167 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Xilinx during the 4th quarter valued at approximately $132,917,000. Hedge funds and other institutional investors own 94.96% 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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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