Xilinx (XLNX) Price Target Increased to $70.00 by Analysts at Wells Fargo & Co

Xilinx (NASDAQ:XLNX) had its price target lifted by stock analysts at Wells Fargo & Co from $66.00 to $70.00 in a research note issued to investors on Thursday. The firm presently has a “market perform” rating on the programmable devices maker’s stock. Wells Fargo & Co’s target price points to a potential downside of 4.74% from the company’s previous close.

A number of other equities research analysts also recently weighed in on XLNX. BidaskClub downgraded Xilinx from a “hold” rating to a “sell” rating in a research report on Thursday. KeyCorp reissued an “overweight” rating and set a $87.00 target price (up from $78.00) on shares of Xilinx in a research report on Tuesday. Mizuho lifted their target price on Xilinx from $69.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays reissued a “hold” rating and set a $70.00 target price on shares of Xilinx in a research report on Friday, January 19th. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $72.76.

Shares of Xilinx (NASDAQ:XLNX) opened at $73.48 on Thursday. Xilinx has a 1 year low of $54.99 and a 1 year high of $77.26. The stock has a market capitalization of $18,440.00, a PE ratio of 31.00, a PEG ratio of 3.12 and a beta of 1.08. 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 released its earnings results on Tuesday, January 23rd. The programmable devices maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.58). Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $630.00 million. During the same period last year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts predict that Xilinx will post 2.59 EPS for the current 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of Xilinx stock in a transaction that occurred on Thursday, November 16th. The shares were 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. Insiders have sold 51,728 shares of company stock worth $3,809,354 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of XLNX. Janus Henderson Group PLC raised its stake in shares of Xilinx by 743.4% in the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after acquiring an additional 6,423,813 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Xilinx by 67.6% in the third quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after acquiring an additional 928,405 shares during the last quarter. Balyasny Asset Management LLC raised its stake in shares of Xilinx by 248.2% in the second quarter. Balyasny Asset Management LLC now owns 461,644 shares of the programmable devices maker’s stock valued at $29,693,000 after acquiring an additional 329,056 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Xilinx by 4,092.9% in the third quarter. Point72 Asset Management L.P. now owns 259,962 shares of the programmable devices maker’s stock valued at $18,413,000 after acquiring an additional 253,762 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Xilinx in the third quarter valued at approximately $13,824,000. Institutional investors own 94.95% of the company’s stock.

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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.