Xilinx, Inc. (NASDAQ:XLNX) had its price target boosted by equities research analysts at Credit Suisse from $38.00 to $45.00 in a note issued to investors on Thursday, Market Beat reports. The brokerage presently has a “neutral” rating on the programmable devices maker’s stock. Credit Suisse’s price objective points to a potential downside of 5.70% from the stock’s current price.

XLNX has been the topic of a number of other research reports. Barclays boosted their target price on shares of Xilinx from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday. Macquarie boosted their target price on shares of Xilinx from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, December 21st. Topeka Capital Markets boosted their target price on shares of Xilinx from $37.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, October 15th. BMO Capital Markets raised shares of Xilinx from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $44.00 to $57.00 in a report on Thursday. Finally, Piper Jaffray reissued a “hold” rating and set a $41.00 target price (up previously from $39.00) on shares of Xilinx in a report on Thursday, October 15th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.67.

Shares of Xilinx (NASDAQ:XLNX) traded down 0.08% on Thursday, hitting $47.68. The stock had a trading volume of 2,438,382 shares. The firm has a 50-day moving average of $46.24 and a 200 day moving average of $44.64. Xilinx has a 1-year low of $38.07 and a 1-year high of $50.72. The company has a market capitalization of $12.23 billion and a PE ratio of 23.75.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, January 20th. The programmable devices maker reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. During the same period last year, the firm posted $0.62 EPS. The company earned $566 million during the quarter, compared to the consensus estimate of $554.50 million. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Xilinx will post $2.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, February 29th.

Other institutional investors recently added to or reduced their stakes in the company. Saturna Capital bought a new position in Xilinx during the third quarter worth about $25,558,000. British Columbia Investment Management Corp increased its position in Xilinx by 189.5% in the fourth quarter. British Columbia Investment Management Corp now owns 143,895 shares of the programmable devices maker’s stock worth $6,759,000 after buying an additional 94,193 shares during the last quarter. TrimTabs Asset Management bought a new position in Xilinx during the third quarter worth about $2,241,000. Marcus Capital bought a new position in Xilinx during the fourth quarter worth about $2,349,000. Finally, Simplex Trading bought a new position in Xilinx during the fourth quarter worth about $1,313,000.

In related news, VP Victor Peng sold 40,000 shares of the stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the transaction, the vice president now directly owns 40,225 shares of the company’s stock, valued at $2,011,250. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marshall C. Turner sold 10,000 shares of the stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $50.00, for a total transaction of $500,000.00. Following the completion of the transaction, the director now directly owns 33,384 shares of the company’s stock, valued at $1,669,200. The disclosure for this sale can be found here.

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.