Robert W. Baird cut shares of Xilinx Inc. (NASDAQ:XLNX) from an outperform rating to a neutral rating in a report published on Wednesday. The brokerage currently has $52.00 price objective on the programmable devices maker’s stock, up from their previous price objective of $50.99.

XLNX has been the subject of several other research reports. Zacks Investment Research raised shares of Xilinx from a hold rating to a buy rating and set a $60.00 price target for the company in a research note on Tuesday, September 20th. Wells Fargo & Co. reaffirmed a buy rating on shares of Xilinx in a research note on Wednesday, July 6th. Jefferies Group lifted their price target on shares of Xilinx from $48.00 to $50.00 and gave the company a hold rating in a research note on Thursday, July 28th. MKM Partners lifted their price target on shares of Xilinx from $52.00 to $55.00 and gave the company a neutral rating in a research note on Wednesday, August 31st. Finally, Morgan Stanley boosted their price objective on shares of Xilinx from $43.00 to $46.00 and gave the stock an equal weight rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $50.09.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

Xilinx (NASDAQ:XLNX) traded down 1.855% on Wednesday, reaching $49.151. The company’s stock had a trading volume of 510,030 shares. The company has a market capitalization of $12.46 billion, a PE ratio of 23.305 and a beta of 1.30. The firm has a 50-day moving average of $53.31 and a 200-day moving average of $48.74. Xilinx has a one year low of $40.44 and a one year high of $55.49.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The firm earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Analysts predict that Xilinx will post $2.22 EPS for the current year.

In other news, Director Marshall C. Turner sold 16,000 shares of Xilinx stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the sale, the director now owns 49,384 shares of the company’s stock, valued at $2,469,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Moshe Gavrielov sold 4,812 shares of Xilinx stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $54.73, for a total transaction of $263,360.76. Following the completion of the sale, the chief executive officer now directly owns 356,622 shares in the company, valued at approximately $19,517,922.06. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. One Capital Management LLC increased its stake in shares of Xilinx by 0.5% in the third quarter. One Capital Management LLC now owns 35,918 shares of the programmable devices maker’s stock valued at $1,952,000 after buying an additional 167 shares during the last quarter. Morgens Waterfall Vintiadis & Co. Inc. purchased a new stake in shares of Xilinx during the third quarter valued at $3,369,000. Nisa Investment Advisors LLC increased its stake in shares of Xilinx by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 113,630 shares of the programmable devices maker’s stock valued at $6,175,000 after buying an additional 400 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Xilinx by 6.8% in the third quarter. Capstone Asset Management Co. now owns 23,636 shares of the programmable devices maker’s stock valued at $1,284,000 after buying an additional 1,510 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Xilinx by 77.2% in the third quarter. Creative Planning now owns 6,152 shares of the programmable devices maker’s stock valued at $334,000 after buying an additional 2,680 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:XLNX

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