Xilinx (NASDAQ:XLNX) Price Target Increased to $110.00 by Analysts at BMO Capital Markets

Xilinx (NASDAQ:XLNX) had its price target increased by BMO Capital Markets from $90.00 to $110.00 in a research report sent to investors on Friday, The Fly reports. They currently have a market perform rating on the programmable devices maker’s stock.

XLNX has been the topic of several other reports. SunTrust Banks increased their price target on shares of Xilinx from $82.00 to $93.00 and gave the company a hold rating in a report on Thursday, April 23rd. BidaskClub raised Xilinx from a strong sell rating to a sell rating in a report on Thursday, July 23rd. Cowen boosted their price target on Xilinx from $95.00 to $108.00 and gave the company a market perform rating in a research note on Friday. Wells Fargo & Co increased their price objective on Xilinx from $80.00 to $90.00 and gave the stock an equal weight rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley boosted their target price on shares of Xilinx from $90.00 to $108.00 and gave the company an overweight rating in a research report on Tuesday, June 16th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Xilinx currently has an average rating of Hold and an average target price of $104.32.

XLNX traded down $4.52 during trading hours on Friday, reaching $107.35. The company’s stock had a trading volume of 4,922,515 shares, compared to its average volume of 2,625,199. The company’s 50-day moving average is $97.54 and its 200-day moving average is $89.41. Xilinx has a 52 week low of $67.68 and a 52 week high of $119.78. The firm has a market cap of $27.21 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 4.38 and a beta of 0.96. 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 quarterly earnings data on Thursday, July 30th. The programmable devices maker reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.25). The company had revenue of $726.67 million during the quarter, compared to analyst estimates of $727.22 million. Xilinx had a net margin of 21.22% and a return on equity of 29.97%. Equities analysts anticipate that Xilinx will post 2.84 earnings per share for the current fiscal year.

In other Xilinx news, Director Marshall C. Turner sold 7,060 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $95.37, for a total transaction of $673,312.20. Following the sale, the director now directly owns 41,502 shares of the company’s stock, valued at approximately $3,958,045.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marshall C. Turner sold 4,246 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $106.12, for a total transaction of $450,585.52. Following the completion of the transaction, the director now owns 33,384 shares of the company’s stock, valued at $3,542,710.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,107 shares of company stock worth $1,894,258. Insiders own 0.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Xilinx in the fourth quarter worth $3,055,000. Verus Capital Partners LLC bought a new position in shares of Xilinx during the 4th quarter valued at about $54,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Xilinx by 1.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 54,990 shares of the programmable devices maker’s stock valued at $5,371,000 after buying an additional 1,050 shares in the last quarter. Bangor Savings Bank bought a new stake in Xilinx in the 1st quarter worth approximately $1,028,000. Finally, American National Bank lifted its position in Xilinx by 785.0% in the 1st quarter. American National Bank now owns 5,000 shares of the programmable devices maker’s stock worth $390,000 after buying an additional 4,435 shares during the last quarter. Institutional investors own 82.58% of the company’s stock.

Xilinx Company Profile

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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