Xilinx (NASDAQ:XLNX)‘s stock had its “hold” rating restated by analysts at Barclays in a report issued on Friday. They presently have a $70.00 price objective on the programmable devices maker’s stock. Barclays’ price target points to a potential downside of 8.26% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley boosted their price target on shares of Xilinx from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Deutsche Bank boosted their price target on shares of Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. BidaskClub cut shares of Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Goldman Sachs Group raised shares of Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. Xilinx has a consensus rating of “Hold” and an average target price of $71.70.

Shares of Xilinx (NASDAQ XLNX) opened at $76.30 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. Xilinx has a 52-week low of $54.99 and a 52-week high of $76.58. The company has a market cap of $19,037.29, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.13 and a beta of 1.08.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The firm had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same period in the previous year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. sell-side analysts anticipate that Xilinx will post 2.59 earnings per share for the current fiscal year.

In related news, insider Victor Peng sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Moshe Gavrielov sold 1,400 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $73.38, for a total transaction of $102,732.00. Following the completion of the transaction, the chief executive officer now owns 111,413 shares in the company, valued at approximately $8,175,485.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,728 shares of company stock worth $3,809,354. 0.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in XLNX. Janus Henderson Group PLC grew its stake in Xilinx by 743.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after buying an additional 6,423,813 shares during the last quarter. Renaissance Technologies LLC grew its stake in Xilinx by 427.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after buying an additional 1,232,206 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in Xilinx by 67.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after buying an additional 928,405 shares during the last quarter. Vanguard Group Inc. grew its stake in Xilinx by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock valued at $1,779,622,000 after buying an additional 638,165 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its stake in Xilinx by 248.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 461,644 shares of the programmable devices maker’s stock valued at $29,693,000 after buying an additional 329,056 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

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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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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