Xilinx (NASDAQ:XLNX) Downgraded by BidaskClub to Sell

Xilinx (NASDAQ:XLNX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday, April 4th.

Other equities analysts have also issued reports about the stock. KeyCorp restated an “overweight” rating and issued a $87.00 price objective (up from $78.00) on shares of Xilinx in a research report on Tuesday, January 23rd. Goldman Sachs upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Argus lifted their price target on shares of Xilinx to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Barclays reissued a “hold” rating and set a $70.00 price target on shares of Xilinx in a research note on Friday, January 19th. Finally, Credit Suisse Group lifted their target price on shares of Xilinx from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus target price of $74.16.

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Xilinx stock opened at $68.49 on Wednesday. The firm has a market capitalization of $17,717.30, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08. Xilinx has a 1-year low of $55.48 and a 1-year high of $78.02.

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 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 company had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $630.00 million. During the same quarter last year, the business posted $0.52 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts predict that Xilinx will post 2.65 EPS for the current year.

In other Xilinx news, CEO Moshe Gavrielov sold 20,000 shares of the stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vincent Tong sold 19,687 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 55,403 shares of the company’s stock, valued at $4,073,228.56. The disclosure for this sale can be found here. Insiders sold a total of 43,987 shares of company stock valued at $3,271,984 over the last three months. 0.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its position in shares of Xilinx by 4.0% during the 3rd quarter. Commonwealth Bank of Australia now owns 18,917 shares of the programmable devices maker’s stock valued at $1,334,000 after acquiring an additional 731 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Xilinx by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 4,760 shares of the programmable devices maker’s stock valued at $320,000 after acquiring an additional 748 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Xilinx by 3.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 23,945 shares of the programmable devices maker’s stock valued at $1,614,000 after acquiring an additional 900 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Xilinx by 8.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 11,913 shares of the programmable devices maker’s stock valued at $803,000 after acquiring an additional 947 shares during the last quarter. Finally, Page Arthur B boosted its position in shares of Xilinx by 2.9% during the 4th quarter. Page Arthur B now owns 34,039 shares of the programmable devices maker’s stock valued at $2,295,000 after acquiring an additional 949 shares during the last quarter. Hedge funds and other 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).

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

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