Xilinx, Inc. (NASDAQ:XLNX) Receives $97.79 Consensus PT from Brokerages

Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $99.14.

XLNX has been the subject of several analyst reports. Morgan Stanley upped their target price on Xilinx from $90.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, June 16th. Rosenblatt Securities upped their price target on Xilinx from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Barclays dropped their price target on Xilinx from $110.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, April 17th. Needham & Company LLC restated a “hold” rating on shares of Xilinx in a research note on Tuesday. Finally, BidaskClub upgraded Xilinx from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 24th.

In related news, SVP Mark Wadlington sold 2,236 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $84.57, for a total value of $189,098.52. Following the completion of the transaction, the senior vice president now owns 3,959 shares of the company’s stock, valued at $334,812.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marshall C. Turner sold 7,060 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $95.37, for a total value of $673,312.20. Following the completion of the transaction, the director now directly owns 41,502 shares of the company’s stock, valued at approximately $3,958,045.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,496 shares of company stock valued at $970,903. Insiders own 0.19% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of XLNX. Alliancebernstein L.P. boosted its holdings in Xilinx by 67.4% in the first quarter. Alliancebernstein L.P. now owns 9,157,951 shares of the programmable devices maker’s stock valued at $713,771,000 after purchasing an additional 3,688,343 shares during the last quarter. Norges Bank bought a new position in Xilinx during the 4th quarter worth approximately $310,697,000. Matrix Capital Management Company LP lifted its holdings in Xilinx by 343.0% during the 1st quarter. Matrix Capital Management Company LP now owns 2,215,000 shares of the programmable devices maker’s stock worth $172,637,000 after buying an additional 1,715,000 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in Xilinx during the 1st quarter worth approximately $111,886,000. Finally, Point72 Asset Management L.P. bought a new position in Xilinx during the 4th quarter worth approximately $128,454,000. 82.60% of the stock is owned by hedge funds and other institutional investors.

Xilinx stock traded up $2.02 during trading on Friday, hitting $95.29. The company’s stock had a trading volume of 3,165,242 shares, compared to its average volume of 3,106,880. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 3.81 and a beta of 0.96. The stock’s fifty day moving average is $91.51 and its 200 day moving average is $89.01. Xilinx has a 1-year low of $67.68 and a 1-year high of $133.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.40 and a current ratio of 2.68.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 22nd. The programmable devices maker reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The firm had revenue of $756.00 million during the quarter, compared to analyst estimates of $751.53 million. Xilinx had a return on equity of 33.25% and a net margin of 25.07%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. On average, research analysts anticipate that Xilinx will post 2.78 EPS for the current fiscal year.

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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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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