Xilinx (NASDAQ:XLNX) had its price target increased by equities research analysts at Susquehanna Bancshares from $105.00 to $115.00 in a report issued on Tuesday, The Fly reports. Susquehanna Bancshares’ price objective would indicate a potential upside of 16.21% from the company’s previous close.

XLNX has been the topic of several other research reports. ValuEngine lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group lifted their price objective on shares of Xilinx from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Zacks Investment Research raised shares of Xilinx from a “sell” rating to a “hold” rating and set a $92.00 price objective on the stock in a research report on Saturday, May 23rd. Cowen lifted their price objective on shares of Xilinx from $90.00 to $95.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Barclays reduced their target price on shares of Xilinx from $110.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, April 17th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $99.10.

Shares of XLNX stock traded up $7.00 during trading hours on Tuesday, hitting $98.96. 219,395 shares of the company’s stock traded hands, compared to its average volume of 2,618,134. Xilinx has a 12 month low of $67.68 and a 12 month high of $133.00. The company has a quick ratio of 2.40, a current ratio of 2.68 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $90.72 and its 200 day simple moving average is $89.01. The stock has a market cap of $22.14 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 3.73 and a beta of 0.98.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, April 22nd. The programmable devices maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. Xilinx had a net margin of 25.07% and a return on equity of 33.25%. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $751.53 million. During the same period last year, the company posted $0.95 earnings per share. The business’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, equities research analysts expect that Xilinx will post 2.71 EPS for the current fiscal year.

In other Xilinx news, SVP Mark Wadlington sold 2,236 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $84.57, for a total value of $189,098.52. Following the completion of the transaction, the senior vice president now owns 3,959 shares of the company’s stock, valued at approximately $334,812.63. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Catia Hagopian sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $90.41, for a total transaction of $108,492.00. Following the completion of the transaction, the vice president now directly owns 15,770 shares of the company’s stock, valued at approximately $1,425,765.70. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new position in Xilinx in the 4th quarter worth approximately $3,055,000. Cornerstone Advisors Inc. grew its stake in Xilinx by 102.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 358 shares of the programmable devices maker’s stock worth $28,000 after buying an additional 181 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in Xilinx in the 4th quarter worth approximately $44,000. Keebeck Wealth Management LLC purchased a new position in Xilinx in the 4th quarter worth approximately $44,000. Finally, WASHINGTON TRUST Co bought a new stake in shares of Xilinx in the 1st quarter worth approximately $37,000. 82.60% of the stock is owned by institutional investors and hedge funds.

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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