Xilinx (NASDAQ:XLNX) had its target price hoisted by stock analysts at Mizuho from $69.00 to $74.00 in a report issued on Thursday. The firm currently has a “buy” rating on the programmable devices maker’s stock. Mizuho’s price objective suggests a potential upside of 0.71% from the company’s previous close.
Several other research analysts also recently commented on XLNX. KeyCorp reissued an “overweight” rating and issued a $87.00 price objective (up from $78.00) on shares of Xilinx in a research note on Tuesday. Barclays reissued a “hold” rating and issued a $70.00 price objective on shares of Xilinx in a research note on Friday, January 19th. Argus increased their price objective on Xilinx to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Goldman Sachs Group raised Xilinx from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.53.
Xilinx (XLNX) opened at $73.48 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. The firm has a market capitalization of $18,440.00, a P/E ratio of 31.00, a PEG ratio of 3.12 and a beta of 1.08. Xilinx has a 52 week low of $54.99 and a 52 week high of $77.26.
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 value of $1,800,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 1,400 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $73.38, for a total value of $102,732.00. Following the completion of the sale, the chief executive officer now directly owns 111,413 shares of the company’s stock, valued at $8,175,485.94. The disclosure for this sale can be found here. Insiders sold a total of 51,728 shares of company stock valued at $3,809,354 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of XLNX. Sun Life Financial INC increased its stake 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 worth $116,000 after acquiring an additional 1,798 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Xilinx in the 3rd quarter worth $117,000. Cerebellum GP LLC acquired a new stake in shares of Xilinx in the 4th quarter worth $126,000. Sterling Capital Management LLC acquired a new stake in shares of Xilinx in the 2nd quarter worth $203,000. Finally, Pictet North America Advisors SA acquired a new stake in shares of Xilinx in the 3rd quarter worth $207,000. 94.95% of the stock is owned by institutional investors and hedge funds.
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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.
