Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned a consensus rating of “Buy” from the twenty-two analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $78.47.
A number of analysts have recently issued reports on XLNX shares. ValuEngine raised Xilinx from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Rosenblatt Securities raised Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Thursday, July 26th. Bank of America raised Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, July 26th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, July 27th. Finally, Deutsche Bank lifted their price target on Xilinx from $69.00 to $71.00 and gave the stock a “hold” rating in a research note on Wednesday, August 22nd.
In other Xilinx news, SVP William Christopher Madden sold 4,273 shares of the business’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $67.31, for a total transaction of $287,615.63. Following the transaction, the senior vice president now owns 7,101 shares of the company’s stock, valued at $477,968.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Catia Hagopian sold 1,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the transaction, the vice president now directly owns 10,271 shares in the company, valued at approximately $753,583.27. The disclosure for this sale can be found here. Insiders have sold 22,209 shares of company stock worth $1,560,102 in the last three months. 0.16% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank boosted its stake in Xilinx by 4.9% during the second quarter. Swiss National Bank now owns 844,584 shares of the programmable devices maker’s stock worth $55,118,000 after buying an additional 39,500 shares during the last quarter. NumerixS Investment Technologies Inc boosted its stake in Xilinx by 104.6% during the second quarter. NumerixS Investment Technologies Inc now owns 4,195 shares of the programmable devices maker’s stock worth $273,000 after buying an additional 2,145 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Xilinx by 0.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 210,116 shares of the programmable devices maker’s stock valued at $13,712,000 after purchasing an additional 1,741 shares during the last quarter. Nuance Investments LLC lifted its stake in shares of Xilinx by 276.1% in the 2nd quarter. Nuance Investments LLC now owns 648,682 shares of the programmable devices maker’s stock valued at $42,333,000 after purchasing an additional 476,220 shares during the last quarter. Finally, Highland Capital Management LLC lifted its stake in shares of Xilinx by 38.2% in the 2nd quarter. Highland Capital Management LLC now owns 58,924 shares of the programmable devices maker’s stock valued at $3,845,000 after purchasing an additional 16,272 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.
Shares of Xilinx stock traded up $0.23 on Friday, reaching $77.57. The company’s stock had a trading volume of 1,516,145 shares, compared to its average volume of 1,988,843. The stock has a market capitalization of $19.25 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03. Xilinx has a 52-week low of $62.27 and a 52-week high of $79.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.38 and a quick ratio of 4.11.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 25th. The programmable devices maker reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The business had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $674.46 million. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. equities research analysts anticipate that Xilinx will post 3.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, August 7th. Xilinx’s dividend payout ratio (DPR) is currently 50.88%.
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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