Xilinx, Inc. (NASDAQ:XLNX)‘s stock had its “hold” rating restated by equities researchers at FBR & Co. in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $50.00 price target on the programmable devices maker’s stock. FBR & Co.’s price target would indicate a potential upside of 4.78% from the company’s current price.

XLNX has been the topic of a number of other research reports. Argus increased their price target on shares of Xilinx from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Barclays reiterated a “hold” rating and set a $41.00 price target on shares of Xilinx in a report on Thursday, October 15th. BMO Capital Markets raised their target price on shares of Xilinx from $39.00 to $44.00 in a report on Thursday, October 15th. Pacific Crest raised their target price on shares of Xilinx from $55.00 to $60.00 in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Xilinx to $42.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.67.

In related news, Director Marshall C. Turner sold 10,000 shares of Xilinx stock in a transaction dated Tuesday, December 1st. The shares were 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 approximately $1,669,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philip T. Gianos sold 3,025 shares of Xilinx stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $46.65, for a total transaction of $141,116.25. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. River & Mercantile Asset Management purchased a new position in Xilinx during the fourth quarter worth approximately $75,000. Filament purchased a new position in Xilinx during the fourth quarter worth approximately $363,000. Creative Planning boosted its position in Xilinx by 94.6% in the fourth quarter. Creative Planning now owns 7,781 shares of the programmable devices maker’s stock worth $365,000 after buying an additional 3,783 shares in the last quarter. Watch Point Trust Company purchased a new position in Xilinx during the fourth quarter worth approximately $468,000. Finally, Fox Run Management purchased a new position in Xilinx during the fourth quarter worth approximately $507,000.

Xilinx (NASDAQ:XLNX) traded down 0.08% on Thursday, hitting $47.68. 2,439,738 shares of the stock were exchanged. Xilinx has a 12 month low of $38.07 and a 12 month high of $50.72. The company has a 50-day moving average of $46.24 and a 200 day moving average of $44.64. The firm has a market cap of $12.23 billion and a P/E 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, meeting the Zacks’ consensus estimate of $0.49. The firm had revenue of $566 million for the quarter, compared to analysts’ expectations of $554.50 million. During the same quarter in the previous year, the company earned $0.62 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts expect that Xilinx will post $2.03 earnings per share for the current fiscal year.

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

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.