A number of other firms have also recently commented on XLNX. Analysts at RBC Capital raised their price target on shares of Xilinx from $31.00 to $35.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Xilinx from $35.00 to $37.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Xilinx from $34.50 to $37.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock.
Nine research analysts have rated the stock with a buy rating, two have issued an overweight rating, and eighteen have issued a hold rating to the stock. Xilinx currently has a consensus rating of “overweight” and an average target price of $38.67.
Shares of Xilinx opened at 38.24 on Friday. Xilinx has a one year low of $30.25 and a one year high of $39.43. The stock’s 50-day moving average is currently $37.23. The company has a market cap of $10.002 billion and a P/E ratio of 21.73.
Xilinx last released its earnings data on Thursday, January 17th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $509.80 million for the quarter, compared to the consensus estimate of $527.66 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Xilinx will post $1.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, May 13th. This is a boost from Xilinx’s previous quarterly dividend of $0.22.
Xilinx, Inc. (Xilinx) designs, develops and markets programmable platforms. These programmable platforms have a number of components, including integrated circuits (ICs) in the form of programmable logic devices (PLDs), including Extensible Processing Platforms (EPPs); 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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