Xilinx (XLNX) Price Target Raised to $137.00

Xilinx (NASDAQ:XLNX) had its price target hoisted by stock analysts at Morgan Stanley from $101.00 to $137.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the programmable devices maker’s stock. Morgan Stanley’s price target points to a potential upside of 2.23% from the stock’s previous close.

Several other analysts have also issued reports on the company. Deutsche Bank upped their target price on Xilinx from $90.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Thursday, April 4th. Nomura began coverage on Xilinx in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $115.00 price objective for the company. KeyCorp reissued a “positive” rating and set a $145.00 price objective (up previously from $140.00) on shares of Xilinx in a research note on Tuesday, April 2nd. Finally, Mizuho increased their price objective on Xilinx from $107.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $110.13.

XLNX traded down $0.94 during midday trading on Monday, hitting $134.01. The stock had a trading volume of 645,767 shares, compared to its average volume of 2,950,901. The firm has a market cap of $34.16 billion, a P/E ratio of 47.35, a P/E/G ratio of 2.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.38 and a quick ratio of 4.08. Xilinx has a 1 year low of $62.54 and a 1 year high of $137.23.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The business had revenue of $800.00 million during the quarter, compared to analyst estimates of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. Xilinx’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, equities analysts anticipate that Xilinx will post 3.49 earnings per share for the current year.

In related news, SVP Mark Wadlington sold 2,241 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was 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 owns 1,834 shares in the company, valued at $244,105.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC bought a new position in Xilinx in the fourth quarter worth $25,000. Ropes Wealth Advisors LLC boosted its position in shares of Xilinx by 42.8% during the fourth quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock valued at $30,000 after buying an additional 107 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Xilinx by 2,925.0% during the fourth quarter. Proficio Capital Partners LLC now owns 484 shares of the programmable devices maker’s stock valued at $41,000 after buying an additional 468 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of Xilinx by 206.8% during the first quarter. TCI Wealth Advisors Inc. now owns 359 shares of the programmable devices maker’s stock valued at $46,000 after buying an additional 242 shares during the last quarter. Finally, Essex Savings Bank purchased a new stake in shares of Xilinx during the fourth quarter valued at $68,000. Institutional investors own 88.55% 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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