Robert W. Baird restated their neutral rating on shares of Xilinx Inc. (NASDAQ:XLNX) in a research report released on Saturday. The brokerage currently has a $52.00 target price on the programmable devices maker’s stock.

A number of other analysts have also recently issued reports on XLNX. Citigroup Inc. lifted their price objective on Xilinx from $46.00 to $49.00 and gave the stock a neutral rating in a research note on Thursday, July 28th. Nomura reiterated a neutral rating and issued a $45.00 price objective (up from $41.00) on shares of Xilinx in a research note on Saturday, October 22nd. Jefferies Group lifted their price objective on Xilinx from $48.00 to $50.00 and gave the stock a hold rating in a research note on Thursday, July 28th. Deutsche Bank AG lifted their price objective on Xilinx from $44.00 to $49.00 and gave the stock a hold rating in a research note on Thursday, July 28th. Finally, Zacks Investment Research upgraded Xilinx from a hold rating to a buy rating and set a $57.00 price objective on the stock in a research note on Friday, July 29th. Fourteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $51.56.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

Xilinx (NASDAQ:XLNX) traded down 0.49% during trading on Friday, reaching $52.98. The company had a trading volume of 1,818,056 shares. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 23.65 and a beta of 1.17. The stock has a 50 day moving average price of $51.38 and a 200 day moving average price of $49.61. Xilinx has a 12 month low of $40.44 and a 12 month high of $55.49.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 19th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $579 million for the quarter, compared to analysts’ expectations of $574.90 million. Xilinx had a return on equity of 23.21% and a net margin of 26.32%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. On average, equities research analysts predict that Xilinx will post $2.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Tuesday, November 8th will be paid a $0.33 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.32 dividend on an annualized basis and a yield of 2.49%. Xilinx’s dividend payout ratio (DPR) is 58.67%.

In other news, CFO Lorenzo Flores sold 25,750 shares of Xilinx stock in a transaction on Monday, October 31st. The shares were sold at an average price of $50.90, for a total transaction of $1,310,675.00. Following the transaction, the chief financial officer now owns 35,014 shares in the company, valued at $1,782,212.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Victor Peng sold 12,234 shares of Xilinx stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $54.00, for a total transaction of $660,636.00. Following the transaction, the vice president now owns 44,811 shares in the company, valued at approximately $2,419,794. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Xilinx by 21.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,297 shares of the programmable devices maker’s stock valued at $106,000 after buying an additional 407 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in shares of Xilinx during the second quarter valued at $119,000. Penserra Capital Management LLC raised its position in shares of Xilinx by 95.3% in the third quarter. Penserra Capital Management LLC now owns 2,779 shares of the programmable devices maker’s stock valued at $150,000 after buying an additional 1,356 shares in the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Xilinx by 33.0% in the third quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the programmable devices maker’s stock valued at $168,000 after buying an additional 766 shares in the last quarter. Institutional investors and hedge funds own 92.77% 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.

5 Day Chart for NASDAQ:XLNX

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