Xilinx (NASDAQ:XLNX) had its target price lifted by research analysts at SunTrust Banks to $79.00 in a report issued on Thursday, The Fly reports. The firm currently has an “outperform” rating on the programmable devices maker’s stock. SunTrust Banks’ target price points to a potential upside of 9.16% from the stock’s previous close.
XLNX has been the topic of a number of other research reports. MKM Partners raised their price target on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. KeyCorp set a $78.00 price objective on Xilinx and gave the stock a “buy” rating in a report on Wednesday, October 11th. BMO Capital Markets reiterated a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a report on Wednesday, October 18th. Deutsche Bank lifted their price objective on Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Barclays lifted their price objective on Xilinx from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and a consensus price target of $73.63.
Shares of Xilinx (XLNX) traded down $1.11 during midday trading on Thursday, reaching $72.37. The company’s stock had a trading volume of 2,756,565 shares, compared to its average volume of 2,496,119. Xilinx has a 1-year low of $54.99 and a 1-year high of $77.26. The company has a market capitalization of $18,160.00, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 3.12 and a beta of 1.08. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.
In other news, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Moshe Gavrielov sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $73.38, for a total value of $102,732.00. Following the completion of the sale, the chief executive officer now directly owns 111,413 shares in the company, valued at $8,175,485.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,728 shares of company stock worth $3,809,354. Insiders own 0.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA purchased a new stake in Xilinx during the 3rd quarter valued at $117,000. Sun Life Financial INC raised its stake in Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after buying an additional 1,798 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Xilinx during the 4th quarter valued at $126,000. Pictet North America Advisors SA purchased a new stake in Xilinx during the 3rd quarter valued at $207,000. Finally, Banque Pictet & Cie SA purchased a new stake in Xilinx during the 3rd quarter valued at $207,000. Institutional investors own 94.95% of the company’s stock.
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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.
