Xilinx (NASDAQ:XLNX) received a $128.00 target price from research analysts at Robert W. Baird in a note issued to investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the programmable devices maker’s stock. Robert W. Baird’s target price would suggest a potential upside of 5.10% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Benchmark started coverage on Silicon Laboratories in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 price target on the stock. Nomura started coverage on shares of NVIDIA in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $147.00 price objective for the company. Deutsche Bank decreased their price objective on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Mizuho boosted their price objective on shares of Facebook from $230.00 to $247.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp lowered shares of Masco from an “overweight” rating to a “sector weight” rating in a report on Thursday. Thirteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $119.52.

Shares of XLNX opened at $121.79 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. The stock has a 50 day moving average of $116.07. Xilinx has a 52 week low of $68.76 and a 52 week high of $141.60. The company has a market cap of $30.31 billion, a PE ratio of 34.70, a P/E/G ratio of 2.64 and a beta of 1.27.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The firm had revenue of $849.60 million for the quarter, compared to analysts’ expectations of $849.76 million. During the same period in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Xilinx will post 3.81 EPS for the current fiscal year.

In other news, EVP William Christopher Madden sold 435 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $105.69, for a total transaction of $45,975.15. Following the completion of the sale, the executive vice president now owns 4,809 shares of the company’s stock, valued at approximately $508,263.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vamsi Boppana sold 1,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $103.12, for a total transaction of $103,120.00. Following the sale, the senior vice president now directly owns 698 shares of the company’s stock, valued at approximately $71,977.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,599 shares of company stock valued at $1,385,314. Company insiders own 0.19% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Xilinx by 12.2% during the 1st quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock valued at $2,680,020,000 after purchasing an additional 2,294,950 shares during the last quarter. FMR LLC boosted its holdings in shares of Xilinx by 67.6% during the 1st quarter. FMR LLC now owns 7,672,404 shares of the programmable devices maker’s stock valued at $972,785,000 after purchasing an additional 3,093,316 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Xilinx by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock valued at $330,672,000 after purchasing an additional 453,619 shares during the last quarter. Norges Bank bought a new position in shares of Xilinx during the 4th quarter valued at about $210,563,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Xilinx by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 1,526,367 shares of the programmable devices maker’s stock valued at $193,527,000 after purchasing an additional 278,192 shares during the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.

Xilinx Company Profile

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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