Weekly Investment Analysts’ Ratings Updates for Xilinx (XLNX)

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A number of firms have modified their ratings and price targets on shares of Xilinx (NASDAQ: XLNX) recently:

  • 1/26/2019 – Xilinx was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $103.00 price target on the stock. According to Zacks, “Xilinx delivered strong Q3 results, backed by solid growth in both Core and Advanced Products, and broad-based growth across a majority of its end markets. A strong uptick in the Communications market, banking on its Wireless business is a key driver. Additionally, key design wins from hyperscalers globally for accelerating applications beyond FPGA as a Service bettered results. We believe, Xilinx is well positioned to tap the opportunities arising from an increase in adoption of AI technologies, 5G connectivity, autonomous vehicles and IoTs, which will drive growth over the long run. The company’s product launches should further aid revenues. Nonetheless, increase in operating expense due to higher employee compensation and the full integration of the DeePhi acquisition could adversely impact Xilinx’s near-term results. Stiff competition from peers is another material headwind.”
  • 1/25/2019 – Xilinx had its price target raised by analysts at Argus to $130.00. They now have a “buy” rating on the stock.
  • 1/24/2019 – Xilinx had its price target raised by analysts at KeyCorp from $100.00 to $110.00. They now have an “overweight” rating on the stock.
  • 1/24/2019 – Xilinx had its price target raised by analysts at BMO Capital Markets to $100.00. They now have an “outperform” rating on the stock.
  • 1/24/2019 – Xilinx had its price target raised by analysts at Credit Suisse Group AG from $100.00 to $110.00. They now have an “outperform” rating on the stock.
  • 1/24/2019 – Xilinx had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $105.00 price target on the stock, up previously from $90.00.
  • 1/24/2019 – Xilinx had its price target raised by analysts at MKM Partners to $95.00. They now have a “neutral” rating on the stock.
  • 1/24/2019 – Xilinx had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $105.00 price target on the stock, up previously from $81.00.
  • 1/24/2019 – Xilinx had its price target raised by analysts at SunTrust Banks, Inc. to $102.00. They now have a “hold” rating on the stock.
  • 1/24/2019 – Xilinx had its price target raised by analysts at Jefferies Financial Group Inc to $105.00. They now have a “buy” rating on the stock.
  • 1/24/2019 – Xilinx had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock, up previously from $100.00.
  • 1/24/2019 – Xilinx had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $107.00 price target on the stock.
  • 1/18/2019 – Xilinx had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $90.00 price target on the stock.
  • 1/17/2019 – Xilinx was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $100.00 price target on the stock.
  • 1/14/2019 – Xilinx had its price target raised by analysts at Evercore ISI from $90.00 to $100.00. They now have an “outperform” rating on the stock.
  • 1/9/2019 – Xilinx was upgraded by analysts at Argus to a “buy” rating.
  • 1/8/2019 – Xilinx had its price target raised by analysts at Argus from $85.00 to $110.00. They now have a “buy” rating on the stock.
  • 12/31/2018 – Xilinx was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Xilinx is benefiting from higher advanced products sales across all end markets, particularly Communications, Data Center & TME, and Automotive & Broadcast. Rising demand for 28-nm, 20-nm and 16-nm nodes is positive for the company’s expansion in the forthcoming quarters. We believe that Xilinx is well positioned to tap the opportunities arising from an increase in adoption of AI technologies, 5G connectivity, autonomous vehicles and IoTs, which will drive growth over the long-run. The company’s product launches should further aid revenues. Nonetheless, increase in operating expense due to higher employee compensation and the full integration of the DeePhi acquisition could adversely affect Xilinx’s near-term results. Stiff competition from peers is another material headwind.”
  • 12/19/2018 – Xilinx had its price target raised by analysts at Morgan Stanley from $87.00 to $98.00. They now have an “overweight” rating on the stock.
  • 12/9/2018 – Xilinx had its price target raised by analysts at KeyCorp from $90.00 to $100.00.
  • 12/3/2018 – Xilinx had its price target raised by analysts at KeyCorp from $90.00 to $100.00. They now have an “overweight” rating on the stock.

Shares of NASDAQ:XLNX traded up $2.18 during trading hours on Monday, hitting $112.55. 106,710 shares of the company’s stock traded hands, compared to its average volume of 3,530,556. Xilinx, Inc. has a 52 week low of $62.27 and a 52 week high of $110.84. The company has a current ratio of 4.38, a quick ratio of 4.08 and a debt-to-equity ratio of 0.46. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.07. Xilinx had a net margin of 27.92% and a return on equity of 34.82%. The company had revenue of $800.00 million during the quarter, compared to analyst estimates of $770.65 million. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. On average, research analysts forecast that Xilinx, Inc. will post 3.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Wednesday, February 6th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, February 5th. Xilinx’s dividend payout ratio is presently 50.88%.

In other Xilinx news, insider Vincent Tong sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total transaction of $3,375,200.00. Following the completion of the sale, 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 is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Ipswich Investment Management Co. Inc. purchased a new stake in Xilinx during the fourth quarter valued at about $85,000. Private Capital Group LLC lifted its position in shares of Xilinx by 70.8% in the fourth quarter. Private Capital Group LLC now owns 1,131 shares of the programmable devices maker’s stock worth $96,000 after purchasing an additional 469 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Xilinx in the third quarter worth approximately $108,000. Lucia Wealth Services LLC purchased a new stake in shares of Xilinx in the third quarter worth approximately $160,000. Finally, Psagot Investment House Ltd. lifted its position in shares of Xilinx by 57.3% in the third quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock worth $164,000 after purchasing an additional 744 shares in the last quarter. 88.26% of the stock is owned by institutional investors.

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.

Further Reading: Outstanding Shares

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