Xilinx (NASDAQ:XLNX) Given New $100.00 Price Target at Barclays

Xilinx (NASDAQ:XLNX) had its price target lowered by research analysts at Barclays from $110.00 to $100.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the programmable devices maker’s stock. Barclays‘s target price suggests a potential downside of 4.81% from the stock’s previous close.

Several other brokerages also recently commented on XLNX. BidaskClub downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Mizuho reiterated a “buy” rating and issued a $140.00 target price on shares of Xilinx in a report on Sunday, August 18th. Robert W. Baird set a $128.00 target price on shares of Xilinx and gave the company a “buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a report on Saturday, July 27th. Finally, ValuEngine downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $118.81.

NASDAQ:XLNX opened at $105.05 on Thursday. The firm’s fifty day moving average is $107.85 and its 200-day moving average is $116.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. Xilinx has a 52 week low of $68.76 and a 52 week high of $141.60. The firm has a market cap of $26.65 billion, a P/E ratio of 30.19, a P/E/G ratio of 2.33 and a beta of 1.27.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The company had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The company’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. As a group, sell-side analysts anticipate that Xilinx will post 3.77 earnings per share for the current year.

In other news, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the transaction, the vice president now directly owns 16,674 shares in the company, valued at $2,000,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Victor Peng sold 6,489 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $100.00, for a total transaction of $648,900.00. Following the completion of the transaction, the chief executive officer now owns 66,887 shares of the company’s stock, valued at $6,688,700. The disclosure for this sale can be found here. Insiders sold 32,531 shares of company stock valued at $3,591,480 over the last 90 days. 0.19% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Saturna Capital purchased a new position in shares of Xilinx during the third quarter worth approximately $25,558,000. TrimTabs Asset Management purchased a new position in shares of Xilinx during the third quarter worth approximately $2,241,000. Jay D. Rosenbaum raised its stake in shares of Xilinx by 1.2% during the fourth quarter. Jay D. Rosenbaum now owns 21,275 shares of the programmable devices maker’s stock worth $999,000 after acquiring an additional 250 shares in the last quarter. Marcus Capital purchased a new position in shares of Xilinx during the fourth quarter worth approximately $2,349,000. Finally, First American Bank raised its stake in shares of Xilinx by 0.6% during the fourth quarter. First American Bank now owns 22,802 shares of the programmable devices maker’s stock worth $1,071,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 85.06% of the company’s stock.

About Xilinx

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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