Vetr downgraded shares of Xilinx, Inc. (NASDAQ:XLNX) from a strong-buy rating to a buy rating in a research note released on Monday. The brokerage currently has $70.95 price target on the programmable devices maker’s stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Xilinx from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Tuesday, August 1st. Credit Suisse Group set a $75.00 price objective on shares of Xilinx and gave the company a buy rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Xilinx from a buy rating to a hold rating in a report on Thursday, July 27th. Barclays PLC set a $65.00 target price on shares of Xilinx and gave the company a hold rating in a research report on Thursday, July 27th. Finally, KeyCorp set a $70.00 target price on shares of Xilinx and gave the company a buy rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Xilinx has a consensus rating of Hold and an average target price of $64.57.

Xilinx (XLNX) traded down 0.22% on Monday, hitting $63.34. The company’s stock had a trading volume of 72,539 shares. Xilinx has a 1-year low of $48.75 and a 1-year high of $68.68. The company has a market capitalization of $15.75 billion, a P/E ratio of 27.07 and a beta of 1.09. The company has a 50 day moving average price of $65.39 and a 200-day moving average price of $61.78.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities analysts forecast that Xilinx will post $2.54 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.

In other Xilinx news, CEO Moshe Gavrielov sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $64.77, for a total value of $116,586.00. Following the completion of the transaction, the chief executive officer now directly owns 236,366 shares in the company, valued at approximately $15,309,425.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Lorenzo Flores sold 9,600 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $66.69, for a total transaction of $640,224.00. Following the completion of the transaction, the chief financial officer now owns 19,058 shares of the company’s stock, valued at $1,270,978.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,331 shares of company stock valued at $2,578,326. Corporate insiders own 0.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Xilinx by 4.0% in the first quarter. First Eagle Investment Management LLC now owns 13,577,684 shares of the programmable devices maker’s stock valued at $786,012,000 after buying an additional 525,371 shares during the period. Alliancebernstein L.P. boosted its position in shares of Xilinx by 3.8% in the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after buying an additional 358,064 shares during the period. Janus Capital Management LLC boosted its position in shares of Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after buying an additional 764,384 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of Xilinx by 9.8% in the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock valued at $269,040,000 after buying an additional 413,912 shares during the period. Hedge funds and other institutional investors own 94.61% of the company’s stock.

About Xilinx

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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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