Xilinx, Inc. (NASDAQ:XLNX) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Tuesday. The firm currently has a $58.18 price objective on the programmable devices maker’s stock. Vetr‘s target price points to a potential downside of 0.97% from the company’s previous close.
A number of other equities research analysts also recently commented on XLNX. Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, January 7th. Evercore ISI started coverage on Xilinx in a research report on Wednesday, December 14th. They issued a “buy” rating and a $70.00 price target for the company. Nomura restated a “neutral” rating and issued a $45.00 price target (up previously from $41.00) on shares of Xilinx in a research report on Saturday, October 22nd. Citigroup Inc. restated a “neutral” rating and issued a $49.00 price target on shares of Xilinx in a research report on Saturday, October 22nd. Finally, Deutsche Bank AG raised their price target on Xilinx from $49.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Xilinx currently has a consensus rating of “Hold” and an average price target of $57.48.
Shares of Xilinx (NASDAQ:XLNX) traded down 1.28% on Tuesday, hitting $58.75. 2,394,576 shares of the stock traded hands. Xilinx has a 12 month low of $41.53 and a 12 month high of $62.24. The company has a market cap of $14.62 billion, a PE ratio of 25.77 and a beta of 1.15. The firm’s 50 day moving average is $58.66 and its 200-day moving average is $54.50.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, January 25th. The programmable devices maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The company earned $586 million during the quarter, compared to the consensus estimate of $579.58 million. During the same quarter last year, the company earned $0.49 earnings per share. Xilinx’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts predict that Xilinx will post $2.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Investors of record on Wednesday, February 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.25%. The ex-dividend date is Monday, February 6th. Xilinx’s dividend payout ratio (DPR) is presently 57.89%.
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In related news, CEO Moshe Gavrielov sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $59.83, for a total transaction of $2,991,500.00. Following the transaction, the chief executive officer now directly owns 329,806 shares of the company’s stock, valued at approximately $19,732,292.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Victor Peng sold 12,234 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $54.00, for a total value of $660,636.00. Following the transaction, the vice president now directly owns 44,811 shares in the company, valued at $2,419,794. The disclosure for this sale can be found here. Insiders have sold a total of 63,634 shares of company stock worth $3,728,758 over the last three months. 0.52% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. FIL Ltd increased its stake in shares of Xilinx by 905.7% in the second quarter. FIL Ltd now owns 4,434,813 shares of the programmable devices maker’s stock worth $204,577,000 after buying an additional 3,993,842 shares during the period. Alliancebernstein L.P. increased its stake in shares of Xilinx by 45.7% in the second quarter. Alliancebernstein L.P. now owns 9,876,804 shares of the programmable devices maker’s stock worth $455,617,000 after buying an additional 3,097,167 shares during the period. Janus Capital Management LLC increased its stake in shares of Xilinx by 42.2% in the fourth quarter. Janus Capital Management LLC now owns 6,301,808 shares of the programmable devices maker’s stock worth $380,440,000 after buying an additional 1,871,602 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Xilinx by 62.5% in the third quarter. TIAA CREF Investment Management LLC now owns 2,935,711 shares of the programmable devices maker’s stock worth $159,527,000 after buying an additional 1,128,674 shares during the period. Finally, Capital International Investors increased its stake in shares of Xilinx by 8.7% in the second quarter. Capital International Investors now owns 11,617,440 shares of the programmable devices maker’s stock worth $535,913,000 after buying an additional 928,500 shares during the period. Institutional investors own 92.43% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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