Traders Buy Shares of Xilinx, Inc. (XLNX) on Weakness

Investors bought shares of Xilinx, Inc. (NASDAQ:XLNX) on weakness during trading on Wednesday. $37.39 million flowed into the stock on the tick-up and $19.94 million flowed out of the stock on the tick-down, for a money net flow of $17.45 million into the stock. Of all equities tracked, Xilinx had the 31st highest net in-flow for the day. Xilinx traded down ($0.30) for the day and closed at $72.07

Several research analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a research report on Wednesday. KeyCorp set a $78.00 price target on shares of Xilinx and gave the company a “buy” rating in a research report on Wednesday, October 11th. MKM Partners increased their price target on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. Mizuho reiterated a “neutral” rating and set a $69.00 price target (up from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Finally, Raymond James Financial, Inc. reiterated a “hold” rating on shares of Xilinx in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $66.57.

The company has a 50 day moving average price of $68.69 and a 200 day moving average price of $64.69. The firm has a market capitalization of $17.92 billion, a P/E ratio of 30.80 and a beta of 1.10.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the previous year, the business earned $0.61 EPS. Xilinx’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.

In related news, CEO Moshe Gavrielov sold 28,600 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $71.78, for a total transaction of $2,052,908.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,330 shares of company stock valued at $14,598,104. 0.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new position in Xilinx during the 2nd quarter valued at $103,000. Sun Life Financial INC boosted its holdings in Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after acquiring an additional 1,798 shares during the period. Huntington National Bank boosted its holdings in Xilinx by 217.1% during the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after acquiring an additional 1,913 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Xilinx by 46.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after acquiring an additional 936 shares during the period. Finally, Comerica Securities Inc. purchased a new position in Xilinx during the 2nd quarter valued at $202,000. Institutional investors own 97.42% of the company’s stock.

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Xilinx Company Profile

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.

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