Xilinx Inc. (NASDAQ:XLNX)‘s stock had its “neutral” rating reiterated by research analysts at MKM Partners in a note issued to investors on Monday. They currently have a $53.00 price objective on the programmable devices maker’s stock. MKM Partners’ price objective would suggest a potential downside of 0.66% from the stock’s previous close.

XLNX has been the subject of several other research reports. Zacks Investment Research raised 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. Barclays PLC increased their price target on Xilinx from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 20th. Deutsche Bank AG increased their price target on Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Pacific Crest increased their price target on Xilinx from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, August 18th. Finally, Nomura reissued a “neutral” rating and issued a $45.00 price target (up previously from $41.00) on shares of Xilinx in a research note on Saturday, October 22nd. Fourteen research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.44.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

Xilinx (NASDAQ:XLNX) opened at 53.35 on Monday. The firm has a market cap of $13.47 billion, a P/E ratio of 23.82 and a beta of 1.17. The company has a 50-day moving average of $51.38 and a 200 day moving average of $49.87. Xilinx has a 52 week low of $40.44 and a 52 week 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. Xilinx had a return on equity of 23.21% and a net margin of 26.32%. The firm had revenue of $579 million for the quarter, compared to analyst estimates of $574.90 million. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts predict that Xilinx will post $2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Friday, November 4th. Xilinx’s dividend payout ratio (DPR) is presently 58.67%.

In other news, insider Victor Peng sold 15,284 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $53.07, for a total transaction of $811,121.88. Following the completion of the sale, the insider now directly owns 44,812 shares of the company’s stock, valued at approximately $2,378,172.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lorenzo Flores sold 25,750 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $50.90, for a total value of $1,310,675.00. Following the sale, the chief financial officer now directly owns 35,014 shares of the company’s stock, valued at $1,782,212.60. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Several large investors have recently bought and sold shares of the company. FIL Ltd increased its position 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 last quarter. Alliancebernstein L.P. increased its position 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 last quarter. Capital Research Global Investors increased its position in shares of Xilinx by 36.1% in the second quarter. Capital Research Global Investors now owns 9,590,311 shares of the programmable devices maker’s stock worth $442,401,000 after buying an additional 2,544,411 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Xilinx by 14.7% in the second quarter. First Eagle Investment Management LLC now owns 12,145,640 shares of the programmable devices maker’s stock worth $560,278,000 after buying an additional 1,556,452 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position 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 last quarter. 91.05% of the stock is owned by institutional investors.

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About Xilinx

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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