Xilinx (NASDAQ:XLNX) had its target price reduced by Deutsche Bank from $102.00 to $95.00 in a research report released on Thursday, October 24th, Stock Target Advisor reports. They currently have a hold rating on the programmable devices maker’s stock.
Several other research analysts also recently issued reports on XLNX. Robert W. Baird lowered their price objective on Xilinx from $128.00 to $110.00 and set an outperform rating for the company in a research note on Monday, September 23rd. Mizuho reduced their target price on Xilinx from $140.00 to $125.00 and set a buy rating on the stock in a report on Thursday, October 24th. BidaskClub upgraded Xilinx from a strong sell rating to a sell rating in a report on Tuesday, October 22nd. SunTrust Banks reduced their target price on Xilinx to $94.00 and set a neutral rating on the stock in a report on Thursday, October 24th. Finally, Bank of America cut Xilinx from a buy rating to a neutral rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. Xilinx presently has an average rating of Hold and an average target price of $113.26.
XLNX stock opened at $92.71 on Thursday. The company has a fifty day moving average price of $96.00 and a two-hundred day moving average price of $108.64. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.29 and a beta of 1.25. Xilinx has a one year low of $79.22 and a one year high of $141.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.44 and a quick ratio of 5.78.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The company had revenue of $833.00 million during the quarter, compared to analysts’ expectations of $823.63 million. During the same quarter in the previous year, the business posted $0.84 earnings per share. Xilinx’s quarterly revenue was up 11.7% on a year-over-year basis. Research analysts anticipate that Xilinx will post 3.35 EPS for the current fiscal year.
Xilinx announced that its board has approved a stock buyback program on Wednesday, October 23rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the programmable devices maker to repurchase up to 4.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, November 8th. This represents a $1.48 annualized dividend and a yield of 1.60%. Xilinx’s dividend payout ratio (DPR) is currently 42.53%.
In other news, SVP Emre Onder sold 1,337 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total transaction of $129,408.23. Following the sale, the senior vice president now owns 4,340 shares of the company’s stock, valued at $420,068.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vincent Tong sold 8,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $105.00, for a total value of $840,000.00. Following the sale, the executive vice president now directly owns 36,775 shares in the company, valued at approximately $3,861,375. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,826 shares of company stock valued at $1,941,768. 0.19% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Boothe Investment Group Inc. purchased a new position in Xilinx in the second quarter valued at $2,753,000. Montecito Bank & Trust boosted its stake in shares of Xilinx by 62.9% during the second quarter. Montecito Bank & Trust now owns 3,625 shares of the programmable devices maker’s stock worth $427,000 after buying an additional 1,400 shares during the period. Retirement Systems of Alabama boosted its stake in shares of Xilinx by 0.5% during the second quarter. Retirement Systems of Alabama now owns 118,416 shares of the programmable devices maker’s stock worth $13,964,000 after buying an additional 533 shares during the period. Zweig DiMenna Associates LLC boosted its stake in shares of Xilinx by 143.6% during the second quarter. Zweig DiMenna Associates LLC now owns 38,753 shares of the programmable devices maker’s stock worth $4,570,000 after buying an additional 22,844 shares during the period. Finally, Naples Global Advisors LLC lifted its position in Xilinx by 1.5% in the second quarter. Naples Global Advisors LLC now owns 10,447 shares of the programmable devices maker’s stock valued at $1,232,000 after purchasing an additional 150 shares during the period. 84.63% of the stock is currently owned by institutional investors and hedge funds.
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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