Argus Upgrades Xilinx (XLNX) to “Buy”
Other equities analysts have also issued research reports about the company. BidaskClub raised Xilinx from a hold rating to a buy rating in a research note on Tuesday, October 16th. BMO Capital Markets boosted their price objective on Xilinx from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Wednesday, October 3rd. Needham & Company LLC began coverage on Xilinx in a research note on Thursday, September 27th. They issued a buy rating and a $100.00 price objective on the stock. Zacks Investment Research raised Xilinx from a hold rating to a buy rating and set a $77.00 price target on the stock in a research note on Friday, October 26th. Finally, Bank of America upped their price target on Xilinx from $95.00 to $110.00 and gave the company a buy rating in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $84.91.
Xilinx stock opened at $90.92 on Wednesday. The company has a current ratio of 4.26, a quick ratio of 4.00 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. Xilinx has a 52 week low of $62.27 and a 52 week high of $95.18.
In other Xilinx news, insider Vincent Tong sold 40,000 shares of the stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the transaction, the insider now 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 at this link. Corporate insiders own 0.16% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC lifted its stake in Xilinx by 10.8% in the fourth quarter. Cerebellum GP LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $229,000 after buying an additional 263 shares during the period. MUFG Americas Holdings Corp increased its holdings in shares of Xilinx by 0.8% in the third quarter. MUFG Americas Holdings Corp now owns 80,143 shares of the programmable devices maker’s stock worth $6,425,000 after acquiring an additional 606 shares in the last quarter. Andesa Financial Management Inc. increased its holdings in shares of Xilinx by 3.3% in the third quarter. Andesa Financial Management Inc. now owns 20,335 shares of the programmable devices maker’s stock worth $1,628,000 after acquiring an additional 645 shares in the last quarter. Notis McConarty Edward increased its holdings in shares of Xilinx by 2.9% in the third quarter. Notis McConarty Edward now owns 24,565 shares of the programmable devices maker’s stock worth $1,968,000 after acquiring an additional 700 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in shares of Xilinx by 2.0% in the third quarter. Xact Kapitalforvaltning AB now owns 37,998 shares of the programmable devices maker’s stock worth $3,046,000 after acquiring an additional 731 shares in the last quarter. 88.04% of the stock is currently owned by hedge funds and other 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.
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