Xilinx (NASDAQ:XLNX) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Monday, February 4th.
A number of other research firms also recently weighed in on XLNX. Goldman Sachs Group downgraded shares of Xilinx from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a research note on Saturday, January 26th. BMO Capital Markets raised their target price on shares of Xilinx to $100.00 and gave the company an “outperform” rating in a research note on Thursday, January 24th. Jefferies Financial Group raised their target price on shares of Xilinx to $105.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. Finally, SunTrust Banks raised their target price on shares of Xilinx to $102.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $96.83.
NASDAQ:XLNX traded up $1.34 during trading hours on Monday, reaching $126.64. 4,196,542 shares of the company were exchanged, compared to its average volume of 4,027,021. The company has a quick ratio of 4.08, a current ratio of 4.38 and a debt-to-equity ratio of 0.46. The company has a market cap of $31.08 billion, a P/E ratio of 37.20, a P/E/G 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 posted its quarterly earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.07. The company had revenue of $800.00 million for the quarter, compared to the consensus estimate of $770.65 million. Xilinx had a net margin of 27.92% and a return on equity of 34.82%. Xilinx’s revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Research analysts forecast that Xilinx will post 3.47 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Lindbrook Capital LLC bought a new stake in Xilinx in the 4th quarter valued at about $25,000. Ropes Wealth Advisors LLC raised its position in shares of Xilinx by 42.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock worth $30,000 after buying an additional 107 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Xilinx by 2,925.0% during the 4th quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock worth $41,000 after buying an additional 468 shares in the last quarter. Essex Savings Bank bought a new stake in shares of Xilinx during the 4th quarter worth about $68,000. Finally, Oakworth Capital Inc. raised its position in shares of Xilinx by 226.1% during the 4th quarter. Oakworth Capital Inc. now owns 825 shares of the programmable devices maker’s stock worth $71,000 after buying an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.
Xilinx Company Profile
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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