Xilinx (XLNX) Trading Down 0%

Xilinx (NASDAQ:XLNX)’s share price was down 0% during trading on Friday . The company traded as low as $66.18 and last traded at $66.30. Approximately 3,229,650 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 2,737,286 shares. The stock had previously closed at $66.30.

A number of equities analysts have recently commented on XLNX shares. Goldman Sachs upgraded Xilinx from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. JPMorgan Chase downgraded Xilinx from a “neutral” rating to an “underweight” rating and set a $73.00 price objective on the stock. in a report on Friday. BidaskClub upgraded Xilinx from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. SunTrust Banks raised their target price on Xilinx to $79.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Bank of America raised their target price on Xilinx from $61.00 to $70.00 and gave the company an “underperform” rating in a report on Thursday, January 25th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Xilinx has a consensus rating of “Hold” and an average price target of $74.16.

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The company has a quick ratio of 8.59, a current ratio of 9.08 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $18,127.55, a PE ratio of 28.58, a P/E/G ratio of 2.64 and a beta of 1.09.

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

In other Xilinx news, CEO Moshe Gavrielov sold 20,000 shares of Xilinx stock in a transaction that occurred on Wednesday, January 17th. The stock was 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 in the company, valued at approximately $4,761,853.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Hover-Smoot sold 4,300 shares of Xilinx stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $71.72, for a total value of $308,396.00. Following the sale, the senior vice president now owns 37,569 shares in the company, valued at $2,694,448.68. The disclosure for this sale can be found here. Insiders have sold a total of 43,987 shares of company stock worth $3,271,984 over the last 90 days. 0.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its position in shares of Xilinx by 8.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 34,079 shares of the programmable devices maker’s stock worth $2,298,000 after acquiring an additional 2,779 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Xilinx by 20.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 91,646 shares of the programmable devices maker’s stock worth $6,179,000 after acquiring an additional 15,406 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Xilinx by 4,498.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 240,531 shares of the programmable devices maker’s stock worth $5,744,000 after acquiring an additional 235,300 shares in the last quarter. Meitav Dash Investments Ltd. acquired a new position in shares of Xilinx in the 4th quarter worth approximately $590,000. Finally, Sterling Capital Management LLC acquired a new position in shares of Xilinx in the 4th quarter worth approximately $750,000. Institutional investors own 91.64% of the company’s stock.

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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).

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