Xilinx (XLNX) Price Target Raised to $100.00

Xilinx (NASDAQ:XLNX) had its target price boosted by KeyCorp from $90.00 to $100.00 in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm currently has an overweight rating on the programmable devices maker’s stock.

XLNX has been the subject of a number of other reports. Bank of America upped their target price on Xilinx from $85.00 to $95.00 and gave the stock a positive rating in a research report on Monday, October 1st. Susquehanna Bancshares raised Xilinx from a neutral rating to a positive rating and upped their price target for the company from $82.00 to $85.00 in a report on Tuesday, November 13th. BidaskClub raised Xilinx from a buy rating to a strong-buy rating in a report on Tuesday, November 20th. Zacks Investment Research cut Xilinx from a buy rating to a hold rating in a report on Tuesday, October 23rd. Finally, Citigroup upped their price target on Xilinx from $74.00 to $80.00 and gave the company a neutral rating in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Xilinx currently has a consensus rating of Buy and a consensus target price of $82.95.

XLNX opened at $89.01 on Monday. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.26 and a quick ratio of 4.00. Xilinx has a 1-year low of $62.27 and a 1-year high of $95.18.

Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $746.25 million during the quarter, compared to the consensus estimate of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. On average, analysts predict that Xilinx will post 3.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 9th. Xilinx’s dividend payout ratio (DPR) is currently 50.88%.

In other Xilinx news, insider Vincent Tong sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total transaction of $3,375,200.00. Following the sale, the insider now directly owns 30,223 shares of the company’s stock, valued at approximately $2,550,216.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Emre Onder sold 1,734 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $77.15, for a total transaction of $133,778.10. Following the sale, the senior vice president now directly owns 1,419 shares in the company, valued at $109,475.85. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in XLNX. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Xilinx during the 3rd quarter valued at $108,000. Itau Unibanco Holding S.A. acquired a new position in shares of Xilinx in the second quarter worth $123,000. ClariVest Asset Management LLC acquired a new position in shares of Xilinx in the second quarter worth $149,000. Lucia Wealth Services LLC acquired a new position in shares of Xilinx in the third quarter worth $160,000. Finally, Psagot Investment House Ltd. increased its stake in shares of Xilinx by 57.3% in the third quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock worth $164,000 after acquiring an additional 744 shares during the last quarter. 88.11% of the stock is currently owned by 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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