Xilinx (NASDAQ:XLNX) VP Frank Tornaghi unloaded 16,858 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $48.00, for a total value of $809,184.00. Following the transaction, the vice president now directly owns 4,352 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Xilinx (NASDAQ:XLNX) from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, August 16th. Separately, analysts at Zacks upgraded shares of Xilinx (NASDAQ:XLNX) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 8th. They now have a $55.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Xilinx (NASDAQ:XLNX) from $42.00 to $48.00 in a research note to investors on Friday, July 19th. They now have an “outperform” rating on the stock.
Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.28.
Shares of Xilinx (NASDAQ:XLNX) traded down 0.21% during mid-day trading on Friday, hitting $47.655. The stock had a trading volume of 617,665 shares. Xilinx has a 1-year low of $32.12 and a 1-year high of $48.12. The stock’s 50-day moving average is $45.56 and its 200-day moving average is $40.93. The company has a market cap of $12.690 billion and a P/E ratio of 25.36.
Xilinx (NASDAQ:XLNX) last released its earnings data on Wednesday, July 17th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $549.32 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 .7% on a year-over-year basis. Analysts expect that Xilinx will post $2.22 EPS for the current fiscal year.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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