Xilinx, Inc. (XLNX) Given “Buy” Rating at BMO Capital Markets
Xilinx, Inc. (NASDAQ:XLNX)‘s stock had its “buy” rating reaffirmed by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday. They presently have a $80.00 target price on the programmable devices maker’s stock. BMO Capital Markets’ target price indicates a potential upside of 10.54% from the company’s previous close.
A number of other analysts have also weighed in on XLNX. Pacific Crest reaffirmed an “overweight” rating and set a $70.00 target price 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. Vetr lowered shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price on the stock. in a report on Monday, June 26th. Jefferies Group LLC raised shares of Xilinx from a “hold” rating to a “buy” rating and upped their target price for the stock from $68.00 to $77.00 in a report on Monday, July 10th. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $53.00 to $60.00 in a report on Tuesday, July 18th. Three 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 company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $66.57.
Shares of Xilinx (NASDAQ:XLNX) opened at 72.37 on Wednesday. Xilinx has a 52-week low of $48.97 and a 52-week high of $73.32. The company’s 50 day moving average is $68.69 and its 200 day moving average is $64.69. The firm has a market cap of $17.99 billion, a price-to-earnings ratio of 30.93 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. Xilinx’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. Analysts anticipate that Xilinx will post $2.54 earnings per share for the current year.
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In related news, CEO Moshe Gavrielov sold 28,600 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $71.78, for a total transaction of $2,052,908.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven L. Glaser sold 15,788 shares of the company’s stock in a transaction 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 sale, the insider now owns 12,387 shares of the company’s stock, valued at $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 209,330 shares of company stock valued at $14,598,104 over the last quarter. 0.40% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of XLNX. Mackenzie Financial Corp raised its holdings in Xilinx by 3.6% during the 1st quarter. Mackenzie Financial Corp now owns 4,376 shares of the programmable devices maker’s stock valued at $253,000 after buying an additional 154 shares during the last quarter. Winslow Capital Management LLC bought a new stake in Xilinx during the 1st quarter valued at $203,769,000. Nicholas Company Inc. raised its holdings in Xilinx by 93.9% during the 1st quarter. Nicholas Company Inc. now owns 77,705 shares of the programmable devices maker’s stock valued at $4,498,000 after buying an additional 37,625 shares during the last quarter. Harfst & Associates Inc. bought a new stake in Xilinx during the 1st quarter valued at $201,000. Finally, KCG Holdings Inc. raised its holdings in Xilinx by 21.1% during the 1st quarter. KCG Holdings Inc. now owns 19,639 shares of the programmable devices maker’s stock valued at $1,137,000 after buying an additional 3,426 shares during the last quarter. Institutional investors own 97.42% 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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