Cowen began coverage on shares of Xilinx (NASDAQ:XLNX) in a report published on Friday, Marketbeat Ratings reports. The brokerage issued a market perform rating and a $81.00 price objective on the programmable devices maker’s stock.

A number of other equities research analysts also recently issued reports on the company. BidaskClub raised Xilinx from a sell rating to a hold rating in a research report on Wednesday, August 29th. Robert W. Baird raised Xilinx from a neutral rating to an outperform rating and increased their price target for the stock from $71.00 to $90.00 in a research report on Tuesday, August 28th. Deutsche Bank increased their price target on Xilinx from $69.00 to $71.00 and gave the stock a hold rating in a research report on Wednesday, August 22nd. Zacks Investment Research raised Xilinx from a hold rating to a buy rating and set a $83.00 price target on the stock in a research report on Friday, July 27th. Finally, ValuEngine raised Xilinx from a hold rating to a buy rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $78.47.

NASDAQ:XLNX traded down $0.84 during trading hours on Friday, reaching $77.20. 2,108,092 shares of the company were exchanged, compared to its average volume of 1,892,851. The company has a market capitalization of $19.74 billion, a P/E ratio of 27.28, a P/E/G ratio of 2.75 and a beta of 1.03. Xilinx has a 1-year low of $62.27 and a 1-year high of $79.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.38 and a quick ratio of 4.11.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. The business had revenue of $684.00 million for the quarter, compared to the consensus estimate of $674.46 million. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. sell-side analysts anticipate that Xilinx will post 2.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, August 7th. Xilinx’s dividend payout ratio is presently 50.88%.

In other Xilinx news, CFO Lorenzo Flores sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total value of $534,975.00. Following the sale, the chief financial officer now owns 34,381 shares of the company’s stock, valued at approximately $2,452,396.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William Christopher Madden sold 1,598 shares of the firm’s stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $65.01, for a total value of $103,885.98. Following the completion of the sale, the senior vice president now directly owns 8,416 shares in the company, valued at approximately $547,124.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,209 shares of company stock worth $1,560,102. Company insiders own 0.16% of the company’s stock.

Several hedge funds have recently modified their holdings of XLNX. Squar Milner Financial Services LLC bought a new position in shares of Xilinx in the 2nd quarter valued at $105,000. Itau Unibanco Holding S.A. bought a new position in shares of Xilinx in the 2nd quarter valued at $123,000. Massey Quick Simon & CO. LLC lifted its stake in shares of Xilinx by 100.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,944 shares of the programmable devices maker’s stock valued at $140,000 after acquiring an additional 972 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of Xilinx in the 2nd quarter valued at $149,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Xilinx in the 2nd quarter valued at $187,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

About Xilinx

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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