Xilinx (NASDAQ:XLNX) had its price target raised by SunTrust Banks to $126.00 in a report published on Thursday, The Fly reports. They currently have a hold rating on the programmable devices maker’s stock. SunTrust Banks also issued estimates for Xilinx’s Q1 2020 earnings at $0.95 EPS, Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.94 EPS, Q4 2020 earnings at $1.00 EPS, FY2020 earnings at $3.79 EPS, Q1 2021 earnings at $1.05 EPS, Q2 2021 earnings at $1.08 EPS and Q3 2021 earnings at $1.09 EPS.
XLNX has been the topic of a number of other reports. Argus lifted their price target on shares of Xilinx to $130.00 and gave the company a buy rating in a report on Friday, January 25th. Needham & Company LLC cut shares of Xilinx from a buy rating to a hold rating in a research note on Thursday. Zacks Investment Research cut shares of Xilinx from a buy rating to a hold rating in a research note on Monday, December 31st. Mizuho lifted their price objective on shares of Xilinx from $107.00 to $140.00 and gave the stock a buy rating in a research note on Friday, March 29th. Finally, Deutsche Bank dropped their price objective on shares of Xilinx from $125.00 to $120.00 and set a hold rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $115.96.
Shares of NASDAQ XLNX opened at $118.93 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.08 and a current ratio of 8.19. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.52 and a beta of 1.18. Xilinx has a 52-week low of $63.74 and a 52-week high of $141.60.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, May 15th. This is a boost from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.24%. Xilinx’s payout ratio is currently 41.38%.
In related news, SVP Mark Wadlington sold 2,241 shares of Xilinx stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the completion of the transaction, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Xilinx by 4.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,910 shares of the programmable devices maker’s stock worth $4,680,000 after purchasing an additional 1,689 shares during the period. Securian Asset Management Inc lifted its holdings in Xilinx by 0.7% during the 1st quarter. Securian Asset Management Inc now owns 26,410 shares of the programmable devices maker’s stock valued at $3,349,000 after buying an additional 173 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in Xilinx by 4.0% during the 1st quarter. CENTRAL TRUST Co now owns 21,690 shares of the programmable devices maker’s stock valued at $2,750,000 after buying an additional 825 shares in the last quarter. World Asset Management Inc lifted its holdings in Xilinx by 4.4% during the 1st quarter. World Asset Management Inc now owns 17,935 shares of the programmable devices maker’s stock valued at $2,274,000 after buying an additional 760 shares in the last quarter. Finally, Legacy Bridge LLC bought a new stake in Xilinx during the 1st quarter valued at about $743,000. 88.23% of the stock is 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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