Xilinx (NASDAQ:XLNX) had its price objective raised by analysts at Bank of America from $61.00 to $70.00 in a research report issued on Thursday. The firm presently has an “underperform” rating on the programmable devices maker’s stock. Bank of America’s price target indicates a potential downside of 4.74% from the company’s current price.
Several other brokerages have also recently weighed in on XLNX. Barclays reissued a “hold” rating and set a $70.00 price objective on shares of Xilinx in a report on Friday, January 19th. KeyCorp reaffirmed an “overweight” rating and issued a $87.00 price target (up from $78.00) on shares of Xilinx in a research note on Tuesday. Argus upped their price target on Xilinx to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Mizuho reaffirmed a “buy” rating and issued a $74.00 price target (up from $69.00) on shares of Xilinx in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Xilinx has a consensus rating of “Hold” and an average target price of $73.45.
Shares of Xilinx (NASDAQ XLNX) traded down $2.06 during trading hours on Thursday, reaching $73.48. The company’s stock had a trading volume of 4,697,100 shares, compared to its average volume of 2,496,119. The company has a market cap of $18,070.00, a PE ratio of 31.00, a P/E/G ratio of 3.12 and a beta of 1.08. Xilinx has a 12-month low of $54.99 and a 12-month high of $77.26. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35.
In related news, Director Elizabeth W. Vanderslice sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total value of $180,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Moshe Gavrielov sold 1,400 shares of the company’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 transaction, the chief executive officer now directly owns 111,413 shares of the company’s stock, valued at approximately $8,175,485.94. The disclosure for this sale can be found here. Insiders sold a total of 51,728 shares of company stock valued at $3,809,354 over the last quarter. 0.40% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its position in 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 worth $468,770,000 after acquiring an additional 6,423,813 shares during the last quarter. Discovery Capital Management LLC CT boosted its holdings in shares of Xilinx by 5.6% in the 2nd quarter. Discovery Capital Management LLC CT now owns 3,358,055 shares of the programmable devices maker’s stock valued at $215,990,000 after buying an additional 177,100 shares during the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Xilinx by 0.4% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,494,138 shares of the programmable devices maker’s stock valued at $176,660,000 after buying an additional 10,000 shares during the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Xilinx by 67.6% in 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 buying an additional 928,405 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Xilinx by 1.2% in the 2nd quarter. FMR LLC now owns 1,339,906 shares of the programmable devices maker’s stock valued at $86,182,000 after buying an additional 15,780 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “Bank of America Increases Xilinx (XLNX) Price Target to $70.00” was originally published by American Banking and Market News and is the sole property of of American Banking and Market News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/25/bank-of-america-increases-xilinx-xlnx-price-target-to-70-00.html.
About Xilinx
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.
