KeyCorp Boosts Xilinx (XLNX) Price Target to $100.00

Xilinx (NASDAQ:XLNX) had its price target hoisted by KeyCorp from $90.00 to $100.00 in a research note released on Monday morning, Marketbeat.com reports. The firm currently has an overweight rating on the programmable devices maker’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America upped their price target on shares of Xilinx from $95.00 to $110.00 and gave the company a buy rating in a report on Thursday, November 8th. Zacks Investment Research cut shares of Xilinx from a buy rating to a hold rating in a report on Tuesday, October 23rd. Needham & Company LLC initiated coverage on shares of Xilinx in a report on Thursday, September 27th. They set a buy rating and a $100.00 price target for the company. Citigroup upped their price target on shares of Xilinx from $74.00 to $80.00 and gave the company a neutral rating in a report on Thursday, October 25th. Finally, Susquehanna Bancshares upgraded shares of 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $82.95.

XLNX stock opened at $89.01 on Monday. 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 52-week low of $62.27 and a 52-week high of $95.18. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.93 and a beta of 0.89.



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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, November 9th. Xilinx’s dividend payout ratio is currently 50.88%.

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

A number of large investors have recently bought and sold shares of XLNX. Piedmont Investment Advisors LLC acquired a new position in Xilinx in the second quarter worth about $187,000. Dupont Capital Management Corp raised its position in Xilinx by 33.9% in the second quarter. Dupont Capital Management Corp now owns 4,163 shares of the programmable devices maker’s stock worth $272,000 after purchasing an additional 1,055 shares in the last quarter. Aperio Group LLC raised its position in Xilinx by 6.8% in the second quarter. Aperio Group LLC now owns 144,156 shares of the programmable devices maker’s stock worth $9,408,000 after purchasing an additional 9,228 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Xilinx by 15.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 27,531 shares of the programmable devices maker’s stock worth $1,797,000 after purchasing an additional 3,672 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in Xilinx by 43.1% in the second quarter. TD Asset Management Inc. now owns 421,112 shares of the programmable devices maker’s stock worth $27,482,000 after purchasing an additional 126,889 shares in the last quarter. 88.11% of the stock is owned by hedge funds and other 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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