Pacific Crest reiterated their overweight rating on shares of Xilinx, Inc. (NASDAQ:XLNX) in a research report sent to investors on Wednesday. The brokerage currently has a $70.00 price objective on the programmable devices maker’s stock.
XLNX has been the topic of several other research reports. Vetr upgraded shares of Xilinx from a hold rating to a buy rating and set a $65.52 price target on the stock in a research note on Tuesday, May 2nd. Zacks Investment Research cut shares of Xilinx from a buy rating to a hold rating in a research note on Monday, February 27th. Morgan Stanley boosted their price target on shares of Xilinx from $67.00 to $72.00 and gave the stock an overweight rating in a research note on Friday, April 28th. Macquarie initiated coverage on shares of Xilinx in a research note on Thursday, March 30th. They issued a neutral rating and a $60.00 price target on the stock. Finally, Mizuho initiated coverage on shares of Xilinx in a research note on Thursday, March 2nd. They issued a neutral rating and a $64.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $62.47.
Xilinx (XLNX) opened at 67.36 on Wednesday. The company has a 50-day moving average price of $65.30 and a 200-day moving average price of $60.29. Xilinx has a 1-year low of $43.50 and a 1-year high of $68.55. The company has a market cap of $16.71 billion, a PE ratio of 29.03 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $609.50 million for the quarter, compared to analysts’ expectations of $605.25 million. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. On average, analysts expect that Xilinx will post $2.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Tuesday, May 16th were paid a $0.35 dividend. This is an increase from Xilinx’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Friday, May 12th. Xilinx’s dividend payout ratio is currently 60.61%.
In other Xilinx news, CEO Moshe Gavrielov sold 25,400 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $64.08, for a total value of $1,627,632.00. Following the transaction, the chief executive officer now directly owns 282,466 shares in the company, valued at approximately $18,100,421.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lorenzo Flores sold 9,600 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the transaction, the chief financial officer now owns 19,058 shares in the company, valued at $1,270,978.02. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock worth $4,862,471 over the last 90 days. Insiders own 0.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of XLNX. Vanguard Group Inc. boosted its stake in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Xilinx by 4.0% in the first quarter. First Eagle Investment Management LLC now owns 13,577,684 shares of the programmable devices maker’s stock valued at $786,012,000 after buying an additional 525,371 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Xilinx by 3.8% in the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after buying an additional 358,064 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after buying an additional 764,384 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Xilinx by 9.8% in the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock valued at $269,040,000 after buying an additional 413,912 shares during the last quarter. Institutional investors and hedge funds own 94.88% 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.
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