Xilinx, Inc. (XLNX) Lifted to Hold at Vetr Inc.
Vetr upgraded shares of Xilinx, Inc. (NASDAQ:XLNX) from a sell rating to a hold rating in a research report released on Tuesday morning. Vetr currently has $58.18 price objective on the programmable devices maker’s stock.
A number of other research firms also recently commented on XLNX. Argus boosted their target price on Xilinx from $60.00 to $70.00 and gave the stock a buy rating in a research report on Friday, December 30th. Instinet downgraded Xilinx from a neutral rating to a reduce rating and set a $45.00 target price on the stock. in a research report on Tuesday, January 3rd. Nomura downgraded Xilinx from a neutral rating to a reduce rating in a research report on Tuesday, January 3rd. Susquehanna Bancshares Inc assumed coverage on Xilinx in a research report on Tuesday, December 20th. They issued a neutral rating and a $60.00 target price on the stock. Finally, Robert W. Baird reiterated a neutral rating on shares of Xilinx in a research report on Thursday, January 26th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $57.28.
Xilinx (NASDAQ:XLNX) opened at 59.61 on Tuesday. Xilinx has a 1-year low of $41.53 and a 1-year high of $62.24. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 26.14 and a beta of 1.15. The firm’s 50 day moving average price is $58.56 and its 200-day moving average price is $54.57.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, January 25th. The programmable devices maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $586 million for the quarter, compared to the consensus estimate of $579.58 million. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities analysts anticipate that Xilinx will post $2.28 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Wednesday, February 8th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, February 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.21%. Xilinx’s payout ratio is 57.89%.
In other news, CEO Moshe Gavrielov sold 1,400 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $54.73, for a total value of $76,622.00. Following the sale, the chief executive officer now directly owns 343,410 shares in the company, valued at $18,794,829.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Michael Patterson sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $59.04, for a total value of $354,240.00. Following the completion of the sale, the director now owns 20,164 shares in the company, valued at $1,190,482.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,400 shares of company stock worth $3,422,362. Company insiders own 0.52% of the company’s stock.
Several large investors have recently modified their holdings of XLNX. Castleark Management LLC increased its stake in shares of Xilinx by 3.6% in the fourth quarter. Castleark Management LLC now owns 85,320 shares of the programmable devices maker’s stock valued at $5,151,000 after buying an additional 2,950 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in shares of Xilinx by 6.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 187,159 shares of the programmable devices maker’s stock valued at $11,299,000 after buying an additional 10,604 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in shares of Xilinx during the fourth quarter valued at $559,000. Greenhouse Funds LLLP acquired a new stake in shares of Xilinx during the fourth quarter valued at $3,592,000. Finally, Capital International Ltd. CA increased its stake in shares of Xilinx by 2.2% in the fourth quarter. Capital International Ltd. CA now owns 325,761 shares of the programmable devices maker’s stock valued at $19,666,000 after buying an additional 7,161 shares during the last quarter. Hedge funds and other institutional investors own 92.43% 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.
To view Vetr’s full report, visit Vetr’s official website.
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