Xilinx (NASDAQ: XLNX) PT increased to $ 165.00 at Barclays
Xilinx (NASDAQ: XLNX) saw its price target raised by equity researchers at Barclays from $ 134.00 to $ 165.00 in a research note issued to investors on Tuesday, Fly reports. The brokerage currently has an “equal weight” rating on the manufacturer’s inventory of programmable devices. BarclaysThe company’s price target would suggest a potential rise of 10.75% from the company’s previous close.
A number of other research analysts have weighed on the company as well. Wells Fargo & Company raised its price target on Xilinx from $ 110.00 to $ 140.00 and gave the stock an “equal weight” rating in a report released Thursday, July 29. Truist increased its price target on Xilinx from $ 135.00 to $ 143.00 and gave the company a “conservation” rating in a report released Thursday, July 29. Truist Securities raised its price target on Xilinx from $ 135 to $ 143.00 and assigned the company a “conservation” rating in a report released Thursday, July 29. BMO Capital Markets raised its target price on Xilinx from $ 130.00 to $ 140.00 and assigned the company a “market performance” rating in a report released Thursday, July 29. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Xilinx from $ 135 to $ 155.00 and gave the company a “hold” rating in a report released on Thursday, July 29. Fourteen research analysts rated the stock with a conservation rating and one assigned a buy rating to the company. Xilinx currently has an average “Hold” rating and a consensus price target of $ 140.71.
Actions of XLNX stock open for $ 148.98 Tuesday. The company’s fifty-day simple moving average is $ 133.15. Xilinx has a one-year low at $ 96.71 and a one-year high at $ 154.93. The company has a market cap of $ 36.63 billion, a price-to-earnings ratio of 48.69 and a beta of 1.00. The company has a leverage ratio of 0.48, a current ratio of 5.58, and a rapid ratio of 5.17.
Xilinx (NASDAQ: XLNX) last reported its quarterly earnings data on Wednesday, July 28. The programmable device maker reported earnings of $ 0.95 per share for the quarter, beating the Zacks’ consensus estimate of $ 0.77 by $ 0.18. Xilinx recorded a return on equity of 30.29% and a net margin of 23.00%. In the same quarter of last year, the company achieved EPS of $ 0.38. On average, equity research analysts predict that Xilinx will post earnings per share of 3.65 for the current year.
In related news, please Vamsi Boppana sold 3,000 shares in a transaction dated Friday, May 7. The stock was sold for an average price of $ 123.72, for a total trade of $ 371,160.00. Following the transaction, the Senior Vice-President now directly owns 7,575 shares of the company, valued at $ 937,179. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. 0.22% of the shares are held by insiders of the company.
Several institutional investors have recently increased or reduced their holdings in XLNX. AdvisorNet Financial Inc increased its holdings of Xilinx shares by 1.2% during the 1st quarter. AdvisorNet Financial Inc now owns 6,869 shares of the programmable device maker valued at $ 851,000 after purchasing 83 additional shares during the period. Signaturefd LLC increased its stake in Xilinx by 8.1% during the 1st quarter. Signaturefd LLC now owns 1,271 shares of the programmable device maker valued at $ 157,000 after purchasing 95 additional shares in the last quarter. Level Four Advisory Services LLC increased its stake in Xilinx by 5.7% during the 1st quarter. Level Four Advisory Services LLC now owns 1,774 shares of the programmable device maker valued at $ 220,000 after purchasing 95 additional shares in the last quarter. CSat Investment Advisory LP increased its stake in Xilinx by 81.2% during the 1st quarter. CSat Investment Advisory LP now owns 212 shares of the programmable device maker valued at $ 26,000 after buying 95 more shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in Xilinx by 96.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 200 shares of the maker of programmable devices valued at $ 83,000 after buying 98 more shares in the last quarter. Institutional investors hold 79.06% of the company’s shares.
Xilinx Company Profile
Xilinx, Inc. designs, develops and markets programmable devices and related technologies around the world. The company offers integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable systems-on-chips and three-dimensional integrated circuits; adaptive computing acceleration platform; software design tools for programming PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and Basic Intellectual Property (IP) licenses covering Ethernet, Memory Controllers, Interlaken, and Peripheral Component Interconnect Express Interfaces, as well as domain-specific IP in the areas of Embedded, Processing digital signal and connectivity, and market-specific IP cores.
Feature Article: Distribution of Capital Gains
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