Jefferies Group reiterated their hold rating on shares of Xilinx (NASDAQ:XLNX) in a research note released on Friday morning, Stock Ratings Network.com reports. They currently have a $47.00 target price on the stock, up from their previous target price of $37.00.
“After posting a 9% revenue and a 19% earnings beat in the JulQ-13, we increase our price target but remain Hold-rated the stock. We expect XLNX to take share over the next two years as 28nm products ramp, but in the late innings of the cycle, we think higher estimates will be met with lower P/E multiples.,” Jefferies Group’s analyst commented.
Shares of Xilinx (NASDAQ: XLNX) traded down 0.32% during mid-day trading on Friday, hitting $45.765. Xilinx has a 52 week low of $30.25 and a 52 week high of $46.54. The stock’s 50-day moving average is currently $40.6. The company has a market cap of $12.089 billion and a P/E ratio of 24.38.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 28th. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, August 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of Xilinx in a research note to investors on Friday. They now have a $46.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Xilinx from $40.00 to $45.00 in a research note to investors on Thursday, July 18th. They now have a hold rating on the stock. Finally, analysts at JP Morgan Cazenove raised their price target on shares of Xilinx from $41.00 to $47.00 in a research note to investors on Thursday, July 18th. They now have an overweight rating on the stock.
Seventeen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $42.81.
Xilinx, Inc (NASDAQ: XLNX) designs, develops and markets programmable platforms.
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