Shares of Xilinx, Inc. (NASDAQ:XLNX) have been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $113.00.
Several equities research analysts have recently weighed in on XLNX shares. Bank of America downgraded Xilinx from a “buy” rating to a “neutral” rating in a report on Friday, September 20th. ValuEngine raised Xilinx from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Rosenblatt Securities reissued a “buy” rating and issued a $165.00 price objective on shares of Xilinx in a report on Tuesday, October 1st. SunTrust Banks decreased their price target on Xilinx to $94.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $110.00 price target (down from $135.00) on shares of Xilinx in a report on Thursday, October 24th.
XLNX stock opened at $93.15 on Friday. The company has a market capitalization of $23.93 billion, a P/E ratio of 26.77, a PEG ratio of 2.36 and a beta of 1.24. Xilinx has a twelve month low of $79.22 and a twelve month high of $141.60. The business has a 50 day simple moving average of $94.35 and a 200-day simple moving average of $106.28. The company has a current ratio of 6.44, a quick ratio of 5.78 and a debt-to-equity ratio of 0.46.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 8th. Xilinx’s dividend payout ratio is currently 42.53%.
Xilinx announced that its board has approved a share repurchase program on Wednesday, October 23rd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the programmable devices maker to buy up to 4.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
In related news, EVP Vincent Tong sold 8,000 shares of Xilinx stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $105.00, for a total transaction of $840,000.00. Following the completion of the sale, the executive vice president now owns 36,775 shares in the company, valued at approximately $3,861,375. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marshall C. Turner sold 3,000 shares of Xilinx stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $107.82, for a total value of $323,460.00. Following the sale, the director now owns 44,690 shares of the company’s stock, valued at approximately $4,818,475.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,226 shares of company stock valued at $2,270,378. 0.19% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. MUFG Americas Holdings Corp increased its position in Xilinx by 30.9% during the 3rd quarter. MUFG Americas Holdings Corp now owns 107,238 shares of the programmable devices maker’s stock worth $10,285,000 after purchasing an additional 25,284 shares in the last quarter. Cetera Investment Advisers increased its position in Xilinx by 38.7% during the 3rd quarter. Cetera Investment Advisers now owns 4,131 shares of the programmable devices maker’s stock worth $398,000 after purchasing an additional 1,153 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Xilinx by 6.9% during the 3rd quarter. First Allied Advisory Services Inc. now owns 4,162 shares of the programmable devices maker’s stock worth $398,000 after purchasing an additional 268 shares in the last quarter. Lyell Wealth Management LP grew its holdings in Xilinx by 36.5% in the 3rd quarter. Lyell Wealth Management LP now owns 11,212 shares of the programmable devices maker’s stock valued at $1,075,000 after buying an additional 3,000 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in Xilinx by 16.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 71,400 shares of the programmable devices maker’s stock valued at $6,847,000 after buying an additional 10,297 shares during the period. Hedge funds and other institutional investors own 85.09% of the company’s stock.
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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