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.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. Xilinx’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. equities analysts anticipate that Xilinx will post 2.59 EPS for the current fiscal year.

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.

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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.

The Fly

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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