Investors Buy Shares of Xilinx (XLNX) on Weakness

Traders purchased shares of Xilinx, Inc. (NASDAQ:XLNX) on weakness during trading on Tuesday. $110.74 million flowed into the stock on the tick-up and $65.18 million flowed out of the stock on the tick-down, for a money net flow of $45.56 million into the stock. Of all companies tracked, Xilinx had the 7th highest net in-flow for the day. Xilinx traded down ($0.35) for the day and closed at $118.96

XLNX has been the subject of several recent research reports. Argus increased their target price on shares of Xilinx to $130.00 and gave the stock a “buy” rating in a research note on Friday, January 25th. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. MKM Partners increased their target price on shares of Xilinx to $85.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, Barclays raised their price objective on shares of Xilinx from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $96.17.

The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The company has a current ratio of 4.38, a quick ratio of 4.08 and a debt-to-equity ratio of 0.46.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Wednesday, February 6th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. Xilinx’s payout ratio is 50.88%.

Large investors have recently bought and sold shares of the stock. Thompson Investment Management Inc. acquired a new position in shares of Xilinx during the 4th quarter valued at $204,000. Quantamental Technologies LLC purchased a new stake in Xilinx during the 4th quarter worth $383,000. Commerzbank Aktiengesellschaft FI increased its stake in Xilinx by 51.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,928 shares of the programmable devices maker’s stock worth $1,868,000 after buying an additional 7,414 shares during the period. Robecosam AG increased its stake in Xilinx by 0.9% during the 4th quarter. Robecosam AG now owns 1,137,000 shares of the programmable devices maker’s stock worth $95,895,000 after buying an additional 10,000 shares during the period. Finally, Hall Laurie J Trustee increased its stake in Xilinx by 4.9% during the 3rd quarter. Hall Laurie J Trustee now owns 29,835 shares of the programmable devices maker’s stock worth $2,392,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

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Xilinx Company Profile (NASDAQ:XLNX)

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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