Xilinx, Inc. (NASDAQ:XLNX) Receives $116.15 Consensus Target Price from Brokerages

Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned a consensus recommendation of “Buy” from the twenty-six research firms that are presently covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $116.15.

A number of research analysts recently issued reports on XLNX shares. Bank of America reiterated a “buy” rating and set a $143.00 target price on shares of Xilinx in a research report on Friday, May 3rd. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. BMO Capital Markets dropped their target price on shares of Superior Gold from C$2.00 to C$1.50 in a research report on Wednesday, May 15th. Morgan Stanley set a $143.00 price target on shares of FedEx and gave the company a “hold” rating in a research note on Monday, June 10th. Finally, Needham & Company LLC lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th.

Shares of Xilinx stock traded down $0.16 during trading on Friday, reaching $122.70. 2,434,193 shares of the company traded hands, compared to its average volume of 2,534,489. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. Xilinx has a 1-year low of $66.35 and a 1-year high of $141.60. The company has a 50 day moving average price of $113.08. The company has a market cap of $30.84 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.62 and a beta of 1.27.



Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.02). Xilinx had a net margin of 29.09% and a return on equity of 34.72%. The company had revenue of $828.36 million for the quarter, compared to analyst estimates of $826.51 million. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 29.8% on a year-over-year basis. As a group, equities research analysts forecast that Xilinx will post 3.91 earnings per share for the current year.

In other news, Director Elizabeth W. Vanderslice sold 2,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $101.50, for a total value of $203,000.00. Following the completion of the sale, the director now owns 29,483 shares in the company, valued at approximately $2,992,524.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William Christopher Madden sold 3,733 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $114.88, for a total transaction of $428,847.04. Following the completion of the sale, the executive vice president now owns 12,600 shares of the company’s stock, valued at approximately $1,447,488. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,599 shares of company stock valued at $1,385,314. Company insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Xilinx in the 1st quarter worth $25,000. Shamrock Asset Management LLC bought a new stake in shares of Xilinx in the 1st quarter worth $25,000. CWM LLC grew its stake in shares of Xilinx by 225.0% in the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock worth $28,000 after acquiring an additional 153 shares in the last quarter. Lenox Wealth Advisors LLC bought a new position in Xilinx during the second quarter valued at about $33,000. Finally, Strategy Asset Managers LLC bought a new position in Xilinx during the first quarter valued at about $38,000. Hedge funds and other institutional investors own 85.11% 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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Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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