Xilinx (XLNX) PT Raised to $110.00

Xilinx (NASDAQ:XLNX) had its price objective boosted by equities researchers at Bank of America from $95.00 to $110.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the programmable devices maker’s stock. Bank of America’s target price suggests a potential upside of 28.44% from the stock’s previous close.

Several other research firms have also recently issued reports on XLNX. Credit Suisse Group raised their target price on Xilinx from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 3rd. BMO Capital Markets raised their target price on Xilinx from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Friday, October 26th. Citigroup raised their target price on Xilinx from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, October 25th. Finally, KeyCorp raised their target price on Xilinx from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. Xilinx has an average rating of “Buy” and an average price target of $82.38.

Shares of NASDAQ XLNX traded down $0.68 during trading hours on Thursday, hitting $85.64. The company’s stock had a trading volume of 2,518,604 shares, compared to its average volume of 3,791,326. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.26 and a quick ratio of 4.00. The stock has a market capitalization of $21.53 billion, a PE ratio of 27.10, a PEG ratio of 2.73 and a beta of 0.86. Xilinx has a 12 month low of $62.27 and a 12 month high of $88.20.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The company had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. As a group, equities research analysts anticipate that Xilinx will post 3.29 earnings per share for the current year.

In other Xilinx news, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the sale, the vice president now directly owns 10,271 shares in the company, valued at $753,583.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lorenzo Flores sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total transaction of $534,975.00. Following the completion of the sale, the chief financial officer now owns 34,381 shares of the company’s stock, valued at $2,452,396.73. The disclosure for this sale can be found here. Insiders sold 51,234 shares of company stock valued at $4,195,333 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Xilinx by 68.8% during the first quarter. LPL Financial LLC now owns 12,031 shares of the programmable devices maker’s stock valued at $869,000 after purchasing an additional 4,905 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Xilinx by 27.7% during the first quarter. Allianz Asset Management GmbH now owns 597,903 shares of the programmable devices maker’s stock valued at $43,193,000 after purchasing an additional 129,671 shares during the last quarter. DnB Asset Management AS lifted its holdings in shares of Xilinx by 7.5% during the second quarter. DnB Asset Management AS now owns 30,166 shares of the programmable devices maker’s stock valued at $1,969,000 after purchasing an additional 2,100 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Xilinx by 50.1% during the second quarter. IFM Investors Pty Ltd now owns 11,395 shares of the programmable devices maker’s stock valued at $744,000 after purchasing an additional 3,804 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of Xilinx by 8.5% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 51,000 shares of the programmable devices maker’s stock valued at $3,328,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 87.68% 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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