Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned an average recommendation of “Buy” from the twenty-seven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $82.50.
A number of research firms have recently weighed in on XLNX. Robert W. Baird upgraded shares of Xilinx from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $71.00 to $90.00 in a research report on Tuesday, August 28th. MKM Partners boosted their price objective on shares of Xilinx to $85.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. Barclays boosted their price objective on shares of Xilinx from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 25th. Finally, Citigroup boosted their price objective on shares of Xilinx from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th.
In other news, insider Vincent Tong sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total transaction of $3,375,200.00. Following the completion of the transaction, the insider now directly owns 30,223 shares in the company, valued at $2,550,216.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Emre Onder sold 1,734 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $77.15, for a total transaction of $133,778.10. Following the transaction, the senior vice president now owns 1,419 shares of the company’s stock, valued at $109,475.85. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. MUFG Americas Holdings Corp increased its holdings in shares of Xilinx by 0.8% during the third quarter. MUFG Americas Holdings Corp now owns 80,143 shares of the programmable devices maker’s stock worth $6,425,000 after buying an additional 606 shares in the last quarter. Andesa Financial Management Inc. grew its stake in shares of Xilinx by 3.3% in the third quarter. Andesa Financial Management Inc. now owns 20,335 shares of the programmable devices maker’s stock worth $1,628,000 after purchasing an additional 645 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Xilinx by 1.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,049 shares of the programmable devices maker’s stock worth $2,353,000 after purchasing an additional 683 shares during the last quarter. Notis McConarty Edward grew its stake in shares of Xilinx by 2.9% in the third quarter. Notis McConarty Edward now owns 24,565 shares of the programmable devices maker’s stock worth $1,968,000 after purchasing an additional 700 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Xilinx by 2.0% in the third quarter. Xact Kapitalforvaltning AB now owns 37,998 shares of the programmable devices maker’s stock worth $3,046,000 after purchasing an additional 731 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.
NASDAQ XLNX opened at $91.20 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.26 and a quick ratio of 4.00. Xilinx has a 1-year low of $62.27 and a 1-year high of $92.06. The company has a market capitalization of $23.08 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.86.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. The company had revenue of $746.25 million during the quarter, compared to the consensus estimate of $710.33 million. On average, sell-side analysts anticipate that Xilinx will post 3.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.58%. Xilinx’s dividend payout ratio (DPR) is presently 50.88%.
Xilinx Company Profile
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.
Featured Story: What is cost of equity?
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.