Xilinx (XLNX) Price Target Raised to $73.00 at JPMorgan Chase & Co.

Xilinx (NASDAQ:XLNX) had its price target lifted by research analysts at JPMorgan Chase & Co. from $67.00 to $73.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the programmable devices maker’s stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 0.65% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Mizuho reiterated a “buy” rating and issued a $74.00 target price (up previously from $69.00) on shares of Xilinx in a research report on Thursday. BidaskClub cut shares of Xilinx from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Co lifted their target price on shares of Xilinx from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday. Credit Suisse Group lifted their target price on shares of Xilinx from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Robert W. Baird reiterated a “hold” rating and issued a $68.00 target price on shares of Xilinx in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Xilinx has an average rating of “Hold” and an average target price of $73.33.

Shares of Xilinx (NASDAQ XLNX) traded down $2.06 during trading hours on Thursday, reaching $73.48. 4,697,100 shares of the company were exchanged, compared to its average volume of 2,496,119. The stock has a market cap of $18,440.00, a PE ratio of 31.00, a PEG ratio of 3.12 and a beta of 1.08. Xilinx has a one year low of $54.99 and a one year high of $77.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Tuesday, January 23rd. The programmable devices maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.58). The business had revenue of $631.00 million during the quarter, compared to analysts’ expectations of $630.00 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. Xilinx’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. equities research analysts predict that Xilinx will post 2.59 EPS for the current fiscal year.

In other news, Director Elizabeth W. Vanderslice sold 2,500 shares of Xilinx stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.20, for a total transaction of $180,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 20,000 shares of Xilinx stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the sale, the chief executive officer now directly owns 62,813 shares in the company, valued at approximately $4,761,853.53. The disclosure for this sale can be found here. In the last three months, insiders sold 51,728 shares of company stock worth $3,809,354. Insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in XLNX. Janus Henderson Group PLC boosted its stake in shares of Xilinx by 743.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after purchasing an additional 6,423,813 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Xilinx by 67.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after purchasing an additional 928,405 shares in the last quarter. Balyasny Asset Management LLC boosted its stake in shares of Xilinx by 248.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 461,644 shares of the programmable devices maker’s stock valued at $29,693,000 after purchasing an additional 329,056 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Xilinx by 4,092.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 259,962 shares of the programmable devices maker’s stock valued at $18,413,000 after purchasing an additional 253,762 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in Xilinx during the third quarter worth about $13,824,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Xilinx (XLNX) Price Target Raised to $73.00 at JPMorgan Chase & Co.” was first reported by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/25/xilinx-xlnx-price-target-raised-to-73-00-at-jpmorgan-chase-co.html.

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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)