Xilinx (NASDAQ:XLNX) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group cut shares of Xilinx (NASDAQ:XLNX) from a conviction-buy rating to a buy rating in a research note published on Monday, February 4th, The Fly reports.

Several other analysts have also issued reports on the company. Bank of America boosted their target price on Xilinx from $95.00 to $110.00 and gave the company a buy rating in a research note on Thursday, November 8th. Mizuho upgraded Xilinx from a neutral rating to a buy rating and set a $100.00 price target for the company in a research report on Thursday, January 17th. BMO Capital Markets lifted their price target on Xilinx to $100.00 and gave the company an outperform rating in a research report on Thursday, January 24th. Needham & Company LLC reiterated a buy rating and issued a $110.00 price target (up from $100.00) on shares of Xilinx in a research report on Thursday, January 24th. Finally, Susquehanna Bancshares upgraded Xilinx from a neutral rating to a positive rating and lifted their price target for the company from $82.00 to $85.00 in a research report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Xilinx has an average rating of Buy and an average price target of $96.83.

Shares of XLNX traded up $1.34 on Monday, reaching $126.64. 4,196,542 shares of the company’s stock traded hands, compared to its average volume of 4,027,021. The company has a current ratio of 4.38, a quick ratio of 4.08 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 2.95 and a beta of 1.19. Xilinx has a 52-week low of $62.54 and a 52-week high of $127.70.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. The company had revenue of $800.00 million during the quarter, compared to the consensus estimate of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. Xilinx’s revenue was up 33.6% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. As a group, equities research analysts predict that Xilinx will post 3.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Wednesday, February 6th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.14%. The ex-dividend date was Tuesday, February 5th. Xilinx’s payout ratio is 50.88%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group lifted its stake in shares of Xilinx by 25.1% in the 2nd quarter. Schroder Investment Management Group now owns 570,568 shares of the programmable devices maker’s stock valued at $37,161,000 after acquiring an additional 114,419 shares during the last quarter. Bank of New York Mellon Corp raised its position in Xilinx by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,997,073 shares of the programmable devices maker’s stock valued at $130,329,000 after purchasing an additional 27,646 shares during the last quarter. State of Alaska Department of Revenue raised its position in Xilinx by 7.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 80,939 shares of the programmable devices maker’s stock valued at $6,488,000 after purchasing an additional 5,869 shares during the last quarter. DNB Asset Management AS raised its position in Xilinx by 4.0% during the 3rd quarter. DNB Asset Management AS now owns 31,366 shares of the programmable devices maker’s stock valued at $2,515,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Xilinx by 90.4% during the 3rd quarter. Bank of Montreal Can now owns 212,170 shares of the programmable devices maker’s stock valued at $17,010,000 after purchasing an additional 100,760 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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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