Argus Raises Xilinx (XLNX) Price Target to $85.00
Xilinx (NASDAQ:XLNX) had its price target boosted by Argus to $85.00 in a research report report published on Tuesday, The Fly reports. They currently have a buy rating on the programmable devices maker’s stock.
Other analysts also recently issued reports about the company. BidaskClub upgraded Xilinx from a sell rating to a hold rating in a research report on Saturday, January 6th. Robert W. Baird reiterated a hold rating and set a $68.00 target price on shares of Xilinx in a research report on Friday, October 27th. Morgan Stanley boosted their target price on Xilinx from $72.00 to $78.00 and gave the stock an overweight rating in a research report on Wednesday, December 13th. SunTrust Banks reiterated a hold rating on shares of Xilinx in a research report on Wednesday, October 4th. Finally, Barclays boosted their target price on Xilinx from $65.00 to $67.00 and gave the stock an equal weight rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $71.53.
Xilinx (NASDAQ:XLNX) traded up $0.24 on Tuesday, reaching $74.34. The company’s stock had a trading volume of 1,142,700 shares, compared to its average volume of 2,669,100. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. The stock has a market capitalization of $18,730.00, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 3.06 and a beta of 1.08. Xilinx has a one year low of $54.99 and a one year high of $75.29.
In related news, Director Elizabeth W. Vanderslice sold 2,500 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $72.20, for a total transaction of $180,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Moshe Gavrielov sold 1,400 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $73.38, for a total value of $102,732.00. Following the transaction, the chief executive officer now owns 111,413 shares in the company, valued at $8,175,485.94. The disclosure for this sale can be found here. Insiders sold 31,728 shares of company stock worth $2,293,154 over the last 90 days. Company insiders own 0.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new position in Xilinx during the second quarter worth about $103,000. San Francisco Sentry Investment Group CA purchased a new position in Xilinx during the third quarter worth about $117,000. Sun Life Financial INC lifted its position in Xilinx by 22,475.0% during the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the period. Pictet North America Advisors SA purchased a new position in Xilinx during the third quarter worth about $207,000. Finally, Banque Pictet & Cie SA purchased a new position in Xilinx during the third quarter worth about $207,000. Hedge funds and other institutional investors own 94.98% 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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