Xilinx (XLNX) Price Target Increased to $90.00 by Analysts at KeyCorp

Xilinx (NASDAQ:XLNX) had its price objective increased by KeyCorp from $87.00 to $90.00 in a research note published on Tuesday morning. KeyCorp currently has an overweight rating on the programmable devices maker’s stock.

Several other brokerages have also weighed in on XLNX. Cowen assumed coverage on Xilinx in a research report on Friday, September 7th. They set a market perform rating and a $81.00 target price on the stock. BidaskClub raised Xilinx from a sell rating to a hold rating in a research report on Wednesday, August 29th. Morgan Stanley raised their target price on Xilinx from $78.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, July 26th. Rosenblatt Securities raised Xilinx from a neutral rating to a buy rating and set a $86.00 target price on the stock in a research report on Thursday, July 26th. Finally, Robert W. Baird raised Xilinx from a neutral rating to an outperform rating and raised their target price for the stock from $71.00 to $90.00 in a research report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Xilinx has an average rating of Buy and an average price target of $78.63.

Shares of XLNX opened at $77.36 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.38 and a quick ratio of 4.11. The stock has a market capitalization of $19.91 billion, a PE ratio of 27.34, a P/E/G ratio of 2.75 and a beta of 1.03. Xilinx has a 1 year low of $62.27 and a 1 year high of $79.88.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The business had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $674.46 million. During the same quarter last year, the business posted $0.63 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. sell-side analysts expect that Xilinx will post 3.01 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, August 7th. Xilinx’s dividend payout ratio (DPR) is 50.88%.

In other Xilinx news, SVP Emre Onder sold 1,734 shares of Xilinx stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $77.15, for a total transaction of $133,778.10. Following the transaction, the senior vice president now owns 1,419 shares of the company’s stock, valued at $109,475.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William Christopher Madden sold 1,598 shares of Xilinx stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $65.01, for a total value of $103,885.98. Following the transaction, the senior vice president now directly owns 8,416 shares in the company, valued at approximately $547,124.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,943 shares of company stock worth $1,693,880. 0.16% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLNX. Squar Milner Financial Services LLC acquired a new position in shares of Xilinx in the second quarter valued at approximately $105,000. Itau Unibanco Holding S.A. acquired a new position in shares of Xilinx in the second quarter valued at approximately $123,000. ClariVest Asset Management LLC acquired a new position in shares of Xilinx in the second quarter valued at approximately $149,000. Piedmont Investment Advisors LLC acquired a new position in shares of Xilinx in the second quarter valued at approximately $187,000. Finally, Stephens Inc. AR increased its holdings in shares of Xilinx by 105.6% in the second quarter. Stephens Inc. AR now owns 2,992 shares of the programmable devices maker’s stock valued at $195,000 after purchasing an additional 1,537 shares during the period. 87.38% of the stock is currently owned by institutional investors.

About Xilinx

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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