Xilinx (NASDAQ:XLNX) Stock Rating Reaffirmed by Mizuho
Mizuho restated their buy rating on shares of Xilinx (NASDAQ:XLNX) in a research report sent to investors on Sunday, AnalystRatings.com reports. They currently have a $140.00 price target on the programmable devices maker’s stock.
A number of other equities analysts have also recently issued reports on XLNX. MKM Partners lifted their target price on shares of Xilinx to $120.00 and gave the stock a neutral rating in a research report on Thursday, April 25th. ValuEngine cut shares of Xilinx from a strong-buy rating to a buy rating in a research report on Monday, May 13th. SunTrust Banks boosted their price objective on shares of Xilinx to $126.00 and gave the company a hold rating in a research report on Thursday, April 25th. KeyCorp reissued an overweight rating and issued a $140.00 price objective (up previously from $130.00) on shares of Xilinx in a research report on Thursday, July 25th. Finally, Bank of America reissued a buy rating and issued a $150.00 price objective (up previously from $130.00) on shares of Xilinx in a research report on Thursday, July 25th. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $119.52.
Shares of XLNX opened at $105.10 on Friday. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48. The stock has a market cap of $26.55 billion, a P/E ratio of 30.20, a PEG ratio of 2.33 and a beta of 1.23. The company has a 50-day moving average of $114.95 and a two-hundred day moving average of $117.45. Xilinx has a 12-month low of $68.76 and a 12-month high of $141.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.48 annualized dividend and a yield of 1.41%. Xilinx’s dividend payout ratio is currently 42.53%.
In other Xilinx news, EVP Salil Raje sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $120.78, for a total transaction of $603,900.00. Following the completion of the sale, the executive vice president now directly owns 24,455 shares in the company, valued at $2,953,674.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth W. Vanderslice sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $101.50, for a total transaction of $203,000.00. Following the sale, the director now owns 29,483 shares of the company’s stock, valued at $2,992,524.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,386 shares of company stock valued at $2,655,072. 0.19% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLNX. Dimensional Fund Advisors LP boosted its stake in Xilinx by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,002,227 shares of the programmable devices maker’s stock valued at $85,360,000 after purchasing an additional 28,286 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xilinx by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock valued at $330,672,000 after purchasing an additional 453,619 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Xilinx during the 1st quarter valued at $375,000. Pennsylvania Trust Co purchased a new stake in Xilinx during the 1st quarter valued at $2,848,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in Xilinx by 54.6% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 9,884 shares of the programmable devices maker’s stock valued at $1,254,000 after purchasing an additional 3,490 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.
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.
See Also: What are convertible shares?
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.