Goldman Sachs cut shares of Xilinx, Inc. (NASDAQ:XLNX) from a conviction-buy rating to a buy rating in a report issued on Tuesday, The Fly reports.

In other Xilinx news, Director Philip T. Gianos sold 3,025 shares of the firm’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $46.65, for a total value of $141,116.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Krishna Rangasayee sold 16,250 shares of the firm’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $46.90, for a total transaction of $762,125.00. Following the completion of the transaction, the vice president now directly owns 30,948 shares of the company’s stock, valued at $1,451,461.20. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in XLNX. River & Mercantile Asset Management purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $75,000. Filament purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $363,000. Creative Planning increased its position in shares of Xilinx by 94.6% in the fourth quarter. Creative Planning now owns 7,781 shares of the programmable devices maker’s stock valued at $365,000 after buying an additional 3,783 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $391,000. Finally, Watch Point Trust Company purchased a new position in shares of Xilinx during the fourth quarter valued at approximately $468,000.

A number of other brokerages have also recently commented on XLNX. Pacific Crest reaffirmed an overweight rating and set a $60.00 price target on shares of Xilinx in a research report on Tuesday, January 26th. Barclays upped their price target on shares of Xilinx from $43.00 to $45.00 and gave the company an equal weight rating in a research report on Thursday, January 21st. Nomura reaffirmed a hold rating on shares of Xilinx in a research report on Tuesday, January 26th. Macquarie upped their price target on shares of Xilinx from $40.00 to $48.00 and gave the company a neutral rating in a research report on Monday, December 21st. Finally, Topeka Capital Markets upped their price objective on shares of Xilinx from $37.00 to $50.00 and gave the company a hold rating in a report on Thursday, October 15th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Xilinx currently has an average rating of Hold and a consensus target price of $48.83.

Xilinx (NASDAQ:XLNX) opened at 48.50 on Tuesday. The company’s 50-day moving average price is $46.37 and its 200-day moving average price is $44.98. Xilinx has a 12-month low of $38.73 and a 12-month high of $50.72. The company has a market cap of $12.44 billion and a PE ratio of 24.15.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, January 20th. The programmable devices maker reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. During the same period last year, the company posted $0.62 EPS. The firm had revenue of $566 million for the quarter, compared to the consensus estimate of $554.50 million. The business’s revenue was down 4.6% compared to the same quarter last year. Equities analysts anticipate that Xilinx will post $2.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, February 29th.

Xilinx, Inc. (NASDAQ:XLNX) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores. The Company provides design services, customer training, field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.

12 Month Chart for NASDAQ:XLNX

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