Xilinx Inc. (XLNX) Sees Unusually-High Trading Volume
Xilinx Inc. (NASDAQ:XLNX) saw unusually-strong trading volume on Tuesday . Approximately 2,648,233 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 1,776,145 shares.The stock last traded at $49.51 and had previously closed at $48.45.
Several equities analysts have recently issued reports on XLNX shares. Zacks Investment Research cut Xilinx from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Citigroup Inc. restated a “hold” rating on shares of Xilinx in a research note on Monday, April 11th. MKM Partners decreased their target price on Xilinx from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, April 28th. BMO Capital Markets restated a “buy” rating on shares of Xilinx in a research note on Thursday, April 28th. Finally, Robert W. Baird restated a “buy” rating and set a $52.00 target price on shares of Xilinx in a research note on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.61.
The company has a 50 day moving average price of $46.87 and a 200-day moving average price of $46.50. The stock has a market cap of $12.61 billion and a P/E ratio of 24.24.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 27th. The programmable devices maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $571 million for the quarter, compared to the consensus estimate of $566.24 million. During the same period in the prior year, the business earned $0.58 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Xilinx Inc. will post $2.14 EPS for the current year.
In other news, Director Elizabeth W. Vanderslice sold 12,000 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the sale, the director now directly owns 30,552 shares in the company, valued at approximately $1,364,146.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Hover-Smoot sold 45,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $44.08, for a total value of $1,983,600.00. Following the sale, the senior vice president now owns 76,418 shares in the company, valued at $3,368,505.44. The disclosure for this sale can be found here.
Several hedge funds recently made changes to their positions in the company. OppenheimerFunds Inc. boosted its stake in shares of Xilinx by 38.0% in the fourth quarter. OppenheimerFunds Inc. now owns 621,610 shares of the programmable devices maker’s stock worth $29,200,000 after buying an additional 171,123 shares during the last quarter. Systematic Financial Management LP bought a new stake in shares of Xilinx during the fourth quarter worth $7,985,000. State of Tennessee Treasury Department boosted its stake in shares of Xilinx by 351.8% in the fourth quarter. State of Tennessee Treasury Department now owns 182,066 shares of the programmable devices maker’s stock worth $8,551,000 after buying an additional 141,766 shares during the last quarter. Cowen Group Inc. bought a new stake in shares of Xilinx during the fourth quarter worth $5,187,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Xilinx during the fourth quarter worth $2,528,000.
Xilinx, Inc (Xilinx) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.