Xilinx, Inc. (NASDAQ:XLNX) Given a $75.00 Price Target by Credit Suisse Group Analysts
Xilinx, Inc. (NASDAQ:XLNX) received a $75.00 price objective from equities research analysts at Credit Suisse Group in a note issued to investors on Thursday, July 27th. The brokerage presently has a “buy” rating on the programmable devices maker’s stock. Credit Suisse Group’s price target would suggest a potential upside of 17.50% from the company’s previous close.
Several other analysts have also issued reports on the stock. Wells Fargo & Company lowered shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a research note on Tuesday, May 23rd. Vetr raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $65.52 price target on the stock in a report on Tuesday, May 2nd. Pacific Crest reissued an “overweight” rating and issued a $70.00 price target on shares of Xilinx in a report on Wednesday, June 21st. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Finally, Mizuho reissued a “hold” rating and issued a $64.00 price target on shares of Xilinx in a report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. Xilinx presently has an average rating of “Hold” and a consensus price target of $64.57.
Xilinx (NASDAQ XLNX) opened at 63.83 on Thursday. Xilinx has a one year low of $48.75 and a one year high of $68.68. The firm has a market cap of $15.87 billion, a PE ratio of 27.28 and a beta of 1.09. The company’s 50-day moving average is $65.39 and its 200 day moving average is $61.78.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Xilinx will post $2.54 earnings per share for the current year.
In other Xilinx news, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $66.69, for a total transaction of $640,224.00. Following the transaction, the chief financial officer now directly owns 19,058 shares in the company, valued at $1,270,978.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the transaction, the insider now owns 12,387 shares in the company, valued at $785,088.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,331 shares of company stock worth $2,578,326. Insiders own 0.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $1,106,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $494,000. Rosenbaum Jay D. raised its position in shares of Xilinx by 0.6% in the first quarter. Rosenbaum Jay D. now owns 23,270 shares of the programmable devices maker’s stock valued at $1,348,000 after buying an additional 150 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Xilinx by 1.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 217,947 shares of the programmable devices maker’s stock valued at $12,617,000 after buying an additional 3,562 shares in the last quarter. Finally, Creative Planning raised its position in shares of Xilinx by 27.9% in the first quarter. Creative Planning now owns 7,901 shares of the programmable devices maker’s stock valued at $457,000 after buying an additional 1,723 shares in the last quarter. 94.61% of the stock is owned by institutional investors.
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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