Xilinx (XLNX) Stock Rating Lowered by BidaskClub

Xilinx (NASDAQ:XLNX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other equities analysts have also issued research reports about the stock. Mizuho reiterated a “buy” rating and issued a $74.00 price objective (up previously from $69.00) on shares of Xilinx in a report on Thursday, January 25th. Morgan Stanley boosted their price objective on shares of Xilinx from $72.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. SunTrust Banks boosted their price objective on shares of Xilinx to $79.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. JPMorgan Chase boosted their price objective on shares of Xilinx from $67.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Wells Fargo boosted their price objective on shares of Xilinx from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Xilinx currently has a consensus rating of “Hold” and a consensus target price of $74.16.

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NASDAQ:XLNX opened at $70.70 on Wednesday. The company has a current ratio of 9.08, a quick ratio of 8.59 and a debt-to-equity ratio of 0.73. The firm has a market cap of $17,760.62, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.09. Xilinx has a twelve month low of $54.99 and a twelve month high of $78.02.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 24th. The programmable devices maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.58). Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The firm had revenue of $631.00 million during the quarter, compared to analyst estimates of $630.00 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts forecast that Xilinx will post 2.65 EPS for the current year.

In related news, insider Vincent Tong sold 19,687 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $73.52, for a total transaction of $1,447,388.24. Following the completion of the sale, the insider now owns 55,403 shares of the company’s stock, valued at approximately $4,073,228.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Moshe Gavrielov sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the sale, the chief executive officer now directly owns 62,813 shares of the company’s stock, valued at approximately $4,761,853.53. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,987 shares of company stock worth $3,271,984. Company insiders own 0.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. AXA grew its position in shares of Xilinx by 680.6% during the 4th quarter. AXA now owns 942,838 shares of the programmable devices maker’s stock valued at $63,566,000 after buying an additional 822,054 shares during the last quarter. Marathon Asset Management LLP grew its position in shares of Xilinx by 2.7% during the 4th quarter. Marathon Asset Management LLP now owns 983,464 shares of the programmable devices maker’s stock valued at $66,305,000 after buying an additional 25,726 shares during the last quarter. Eaton Vance Management grew its position in shares of Xilinx by 12.2% during the 4th quarter. Eaton Vance Management now owns 143,767 shares of the programmable devices maker’s stock valued at $9,693,000 after buying an additional 15,687 shares during the last quarter. MAI Capital Management grew its position in shares of Xilinx by 5.6% during the 4th quarter. MAI Capital Management now owns 110,366 shares of the programmable devices maker’s stock valued at $7,441,000 after buying an additional 5,863 shares during the last quarter. Finally, Fox Run Management L.L.C. grew its position in shares of Xilinx by 542.6% during the 4th quarter. Fox Run Management L.L.C. now owns 19,921 shares of the programmable devices maker’s stock valued at $1,343,000 after buying an additional 16,821 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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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; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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