Xilinx (NASDAQ:XLNX) had its price objective upped by stock analysts at Evercore ISI from $90.00 to $100.00 in a note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the programmable devices maker’s stock. Evercore ISI’s target price suggests a potential upside of 9.03% from the company’s current price.
Several other analysts have also weighed in on XLNX. KeyCorp upped their price objective on Xilinx from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, September 25th. Needham & Company LLC started coverage on Xilinx in a report on Thursday, September 27th. They issued a “buy” rating and a $100.00 price objective for the company. Bank of America upped their price objective on Xilinx from $85.00 to $95.00 and gave the company a “positive” rating in a report on Monday, October 1st. BMO Capital Markets upped their price objective on Xilinx from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 3rd. Finally, Credit Suisse Group upped their price objective on Xilinx from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Xilinx has a consensus rating of “Buy” and an average price target of $85.57.
XLNX stock traded up $1.16 during trading on Monday, reaching $91.72. 56,638 shares of the company’s stock were exchanged, compared to its average volume of 2,499,331. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.00 and a current ratio of 4.26. Xilinx has a 1-year low of $62.27 and a 1-year high of $95.18. The firm has a market capitalization of $23.01 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.91 and a beta of 0.90.
In related news, insider Vincent Tong sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total transaction of $3,375,200.00. Following the transaction, the insider now directly owns 30,223 shares of the company’s stock, valued at $2,550,216.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Xilinx by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 948,710 shares of the programmable devices maker’s stock valued at $61,913,000 after purchasing an additional 34,951 shares during the period. Laurion Capital Management LP boosted its stake in Xilinx by 97.5% during the 2nd quarter. Laurion Capital Management LP now owns 7,659 shares of the programmable devices maker’s stock valued at $500,000 after purchasing an additional 3,781 shares during the period. Voya Investment Management LLC boosted its stake in Xilinx by 49.2% during the 2nd quarter. Voya Investment Management LLC now owns 243,122 shares of the programmable devices maker’s stock valued at $15,866,000 after purchasing an additional 80,185 shares during the period. Capital Fund Management S.A. bought a new stake in Xilinx during the 2nd quarter valued at approximately $290,000. Finally, Tower Research Capital LLC TRC boosted its stake in Xilinx by 9.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,550 shares of the programmable devices maker’s stock valued at $819,000 after purchasing an additional 1,130 shares during the period. 88.03% of the stock is currently owned by hedge funds and other institutional investors.
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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