Xilinx, Inc. (NASDAQ:XLNX) has received a consensus recommendation of “Hold” from the twenty-six analysts that are currently covering the company, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $120.00.

XLNX has been the subject of several recent research reports. Goldman Sachs Group cut Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a report on Thursday, April 25th. Cowen reaffirmed a “market perform” rating and issued a $120.00 price target (down previously from $130.00) on shares of Xilinx in a report on Thursday, April 25th. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price target (up previously from $130.00) on shares of Xilinx in a report on Thursday, July 25th. MKM Partners increased their price target on Xilinx to $120.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, Barclays cut their price target on Xilinx from $130.00 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th.

Shares of Xilinx stock traded down $3.24 during mid-day trading on Wednesday, reaching $103.19. 1,913,868 shares of the stock traded hands, compared to its average volume of 3,940,376. The company has a 50-day moving average price of $116.36. Xilinx has a fifty-two week low of $68.76 and a fifty-two week high of $141.60. The stock has a market capitalization of $26.07 billion, a PE ratio of 29.65, a PEG ratio of 2.30 and a beta of 1.23. The company has a quick ratio of 6.54, a current ratio of 7.22 and a debt-to-equity ratio of 0.48.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The firm had revenue of $849.60 million during the quarter, compared to analysts’ expectations of $849.76 million. During the same quarter last year, the firm earned $0.74 earnings per share. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. As a group, analysts forecast that Xilinx will post 3.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. Xilinx’s dividend payout ratio (DPR) is presently 42.53%.

In other Xilinx news, EVP William Christopher Madden sold 435 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $105.69, for a total value of $45,975.15. Following the sale, the executive vice president now directly owns 4,809 shares in the company, valued at $508,263.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the vice president now owns 16,674 shares in the company, valued at $2,000,880. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,821 shares of company stock worth $2,377,587. 0.19% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Shamrock Asset Management LLC acquired a new position in Xilinx in the 1st quarter valued at about $25,000. Jackson Grant Investment Advisers Inc. purchased a new stake in Xilinx in the 1st quarter valued at approximately $25,000. CWM LLC boosted its holdings in Xilinx by 225.0% in the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after purchasing an additional 153 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Xilinx during the 2nd quarter worth approximately $29,000. Finally, Citizens Financial Group Inc RI boosted its stake in shares of Xilinx by 114.2% during the 2nd quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Xilinx Company Profile

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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