Barclays PLC Upgrades Xilinx, Inc. (NASDAQ:XLNX) to Equal Weight
Xilinx, Inc. (NASDAQ:XLNX) was upgraded by analysts at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research note issued on Tuesday, The Fly reports.
A number of other equities analysts also recently weighed in on the stock. Jefferies Group LLC raised shares of Xilinx from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $77.00 in a research note on Monday, July 10th. Vetr downgraded shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price for the company. in a research note on Monday, June 26th. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Pacific Crest reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Xilinx in a research note on Wednesday, June 21st. Finally, Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus target price of $62.92.
Xilinx (NASDAQ XLNX) opened at 65.86 on Tuesday. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 28.39 and a beta of 1.10. Xilinx has a one year low of $47.53 and a one year high of $68.68. The stock has a 50 day moving average of $65.80 and a 200 day moving average of $60.77.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The business had revenue of $609.50 million during the quarter, compared to the consensus estimate of $605.25 million. During the same quarter last year, the firm earned $0.54 earnings per share. Xilinx’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts predict that Xilinx will post $2.49 EPS for the current fiscal year.
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In other Xilinx news, CEO Moshe Gavrielov sold 25,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $64.08, for a total transaction of $1,627,632.00. Following the sale, the chief executive officer now owns 282,466 shares in the company, valued at approximately $18,100,421.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Krishna Rangasayee sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $64.89, for a total transaction of $973,350.00. Following the sale, the insider now owns 15,555 shares in the company, valued at approximately $1,009,363.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,000 shares of company stock valued at $4,862,471. 0.40% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of XLNX. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Xilinx during the fourth quarter worth approximately $2,173,000. Perigon Wealth Management LLC increased its position in Xilinx by 1.1% in the fourth quarter. Perigon Wealth Management LLC now owns 101,132 shares of the programmable devices maker’s stock valued at $5,940,000 after buying an additional 1,132 shares in the last quarter. Kentucky Retirement Systems purchased a new position in Xilinx during the fourth quarter valued at approximately $1,106,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Xilinx during the fourth quarter valued at approximately $494,000. Finally, Searle & CO. purchased a new position in Xilinx during the fourth quarter valued at approximately $543,000. 94.25% of the stock is owned by hedge funds and other institutional investors.
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.
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