Xilinx, Inc. (NASDAQ:XLNX)‘s stock had its “hold” rating reiterated by SunTrust Banks, Inc. in a report released on Wednesday.

XLNX has been the subject of several other reports. Credit Suisse Group set a $75.00 price objective on Xilinx and gave the stock a “buy” rating in a research note on Thursday, July 27th. Barclays PLC set a $65.00 target price on Xilinx and gave the company a “hold” rating in a research report on Thursday, July 27th. BidaskClub lowered Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating and issued a $72.00 price target on shares of Xilinx in a report on Monday, June 12th. Finally, Vetr downgraded shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price target on the stock. in a report on Monday, June 26th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and an average target price of $64.57.

Shares of Xilinx (NASDAQ XLNX) traded down 0.03% on Wednesday, hitting $71.13. 1,908,378 shares of the stock traded hands. The stock has a 50 day moving average of $66.31 and a 200 day moving average of $63.91. Xilinx has a one year low of $48.75 and a one year high of $71.76. The company has a market cap of $17.68 billion, a PE ratio of 30.40 and a beta of 1.10.

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

COPYRIGHT VIOLATION WARNING: “Xilinx, Inc. (XLNX) Stock Rating Reaffirmed by SunTrust Banks, Inc.” was posted by Marea Informative and is owned by of Marea Informative. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at http://www.mareainformativa.com/xilinx-inc-xlnx-stock-rating-reaffirmed-by-suntrust-banks-inc/115929/.

In related news, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the transaction, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the transaction, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 174,331 shares of company stock worth $12,086,196. Insiders own 0.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of XLNX. HighTower Advisors LLC increased its stake in Xilinx by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after buying an additional 60 shares in the last quarter. Notis McConarty Edward raised its holdings in shares of Xilinx by 0.3% during the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock valued at $1,328,000 after acquiring an additional 60 shares during the last quarter. Seaward Management Limited Partnership raised its holdings in shares of Xilinx by 2.1% during the second quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock valued at $260,000 after acquiring an additional 83 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Xilinx by 2.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock valued at $267,000 after acquiring an additional 87 shares during the last quarter. Finally, ING Groep NV raised its holdings in shares of Xilinx by 0.3% during the second quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock valued at $1,973,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 97.42% of the company’s stock.

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.

Analyst Recommendations for Xilinx (NASDAQ:XLNX)

Receive News & Stock Ratings for Xilinx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related stocks with our FREE daily email newsletter.