November 28, 2016 - By Hazel Jackson · 0 Comments
Xilinx Inc (NASDAQ:XLNX) institutional sentiment increased to 1.12 in Q2 2016. Its up 0.17, from 0.95 in 2016Q1. The ratio is better, as 231 funds increased and started new holdings, while 244 trimmed and sold stakes in Xilinx Inc. The funds in our partner’s database now hold: 229.43 million shares, up from 229.32 million shares in 2016Q1. Also, the number of funds holding Xilinx Inc in their top 10 holdings increased from 5 to 7 for an increase of 2. Sold All: 62 Reduced: 182 Increased: 185 New Position: 46.
Xilinx, Inc. is engaged in designing and developing programmable devices and associated technologies. The company has a market cap of $13.54 billion. 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. It has a 23.51 P/E ratio. The Firm provides design services, customer training, field engineering and technical support.
The stock increased 0.45% or $0.24 on November 25, hitting $53.36. Xilinx, Inc. (NASDAQ:XLNX) has risen 16.60% since April 25, 2016 and is uptrending. It has outperformed by 10.58% the S&P500.
Analysts await Xilinx, Inc. (NASDAQ:XLNX) to report earnings on January, 18. They expect $0.50 EPS, up 2.04% or $0.01 from last year’s $0.49 per share. XLNX’s profit will be $126.87M for 26.68 P/E if the $0.50 EPS becomes a reality. After $0.61 actual EPS reported by Xilinx, Inc. for the previous quarter, Wall Street now forecasts -18.03% negative EPS growth.
According to Zacks Investment Research, “Xilinx, Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Its programmable logic devices include field programmable gate arrays and complex programmable logic devices. These devices are standard products that its customers program to perform desired logic functions.”
Blue Harbour Group L.P. holds 14.86% of its portfolio in Xilinx, Inc. for 7.77 million shares. Tahithromos L.L.C. owns 230,764 shares or 14.26% of their US portfolio. Moreover, Ashmore Wealth Management Llc has 3.72% invested in the company for 2.10 million shares. The Wisconsin-based Sadoff Investment Management Llc has invested 3.67% in the stock. Iat Reinsurance Co Ltd., a New York-based fund reported 100,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 11 insider sales for $10.75 million net activity.
Ratings analysis reveals 14% of Xilinx Inc.’s analysts are positive. Out of 14 Wall Street analysts rating Xilinx Inc., 2 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $41 while the high is $60. The stock’s average target of $49.44 is -7.35% below today’s ($53.36) share price. XLNX was included in 29 notes of analysts from July 24, 2015. On Thursday, October 15 the stock rating was maintained by FBR Capital with “Mkt Perform”. Goldman Sachs upgraded the stock to “Buy” rating in Monday, September 14 report. The stock of Xilinx, Inc. (NASDAQ:XLNX) earned “Equal Weight” rating by Barclays Capital on Thursday, October 20. Goldman Sachs downgraded the stock to “Buy” rating in Wednesday, February 3 report. The stock has “Buy” rating given by Argus Research on Thursday, October 15. Topeka Capital Markets maintained it with “Hold” rating and $50 target price in Thursday, October 15 report. Robert W. Baird downgraded it to “Neutral” rating and $52 target price in Wednesday, October 12 report. Goldman Sachs downgraded it to “Neutral” rating and $51 target price in Thursday, June 2 report.
Xilinx, Inc. (Xilinx), incorporated on February 5, 1990, 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. In addition to its programmable platforms, Xilinx provides design services, customer training, field engineering and technical support.
Another recent and important Xilinx, Inc. (NASDAQ:XLNX) news was published by Prnewswire.com which published an article titled: “Xilinx Reconfigurable Acceleration Stack Delivers Fastest Path to 2-6x Compute …” on November 14, 2016.
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By Hazel Jackson