Stock Worth Watching: Xilinx, Inc. Just Reaches 52-Week High?

Stock Worth Watching: Xilinx, Inc. Just Reaches 52 Week High?

The stock of Xilinx, Inc. (NASDAQ:XLNX) hit a new 52-week high and has $74.54 target or 37.00% above today’s $54.41 share price. The 6 months bullish chart indicates low risk for the $13.83B company. The 1-year high was reported on Sep, 30 by If the $74.54 price target is reached, the company will be worth $5.12B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.76 million shares traded hands or 74.07% up from the average. Xilinx, Inc. (NASDAQ:XLNX) has risen 10.54% since February 26, 2016 and is uptrending. It has outperformed by 0.11% the S&P500.

Analysts await Xilinx, Inc. (NASDAQ:XLNX) to report earnings on October, 12. They expect $0.54 EPS, up 12.50% or $0.06 from last year’s $0.48 per share. XLNX’s profit will be $137.26 million for 25.19 P/E if the $0.54 EPS becomes a reality. After $0.61 actual EPS reported by Xilinx, Inc. for the previous quarter, Wall Street now forecasts -11.48% negative EPS growth.

Xilinx, Inc. (NASDAQ:XLNX) Ratings Coverage

Out of 13 analysts covering Xilinx Inc. (NASDAQ:XLNX), 2 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 15% are positive. Xilinx Inc. has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, October 15. The stock of Xilinx, Inc. (NASDAQ:XLNX) has “Neutral” rating given on Thursday, June 2 by Goldman Sachs. As per Monday, September 14, the company rating was upgraded by Goldman Sachs. The stock of Xilinx, Inc. (NASDAQ:XLNX) has “Buy” rating given on Thursday, October 15 by Argus Research. Goldman Sachs downgraded the shares of XLNX in a report on Wednesday, February 3 to “Buy” rating. The firm earned “Hold” rating on Thursday, October 15 by Topeka Capital Markets.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.41, from 1.36 in 2016Q1. The ratio dived, as 62 funds sold all Xilinx, Inc. shares owned while 182 reduced positions. 46 funds bought stakes while 185 increased positions. They now own 229.43 million shares or 0.05% more from 229.32 million shares in 2016Q1.
Kj Harrison And Prtnrs last reported 5,000 shares in the company. Raymond James Fin Advisors Incorporated accumulated 0.01% or 23,267 shares. Janus Cap Mngmt, a Colorado-based fund reported 3.85M shares. The Maryland-based Proshare Advsr Limited Liability Com has invested 0.07% in Xilinx, Inc. (NASDAQ:XLNX). Ameriprise Fincl accumulated 0.01% or 215,525 shares. Brown Brothers Harriman And accumulated 1,026 shares or 0% of the stock. Panagora Asset Mgmt holds 0.1% or 433,672 shares in its portfolio. Moreover, Saturna Capital has 0.89% invested in Xilinx, Inc. (NASDAQ:XLNX) for 602,785 shares. Moreover, Reynders Mcveigh Cap Mgmt Limited Liability has 0.3% invested in Xilinx, Inc. (NASDAQ:XLNX) for 45,304 shares. State Of Wisconsin Board has 0.03% invested in the company for 147,843 shares. The Connecticut-based Euclid Advsrs Llc has invested 0.02% in Xilinx, Inc. (NASDAQ:XLNX). Ubs Asset Management Americas owns 755,954 shares or 0.04% of their US portfolio. M&T State Bank holds 0.01% or 40,979 shares in its portfolio. Hall Laurie J Trustee has 0.82% invested in the company for 26,685 shares. Blackrock Fund Advsr accumulated 4.63M shares or 0.05% of the stock.

Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 9 selling transactions for $9.86 million net activity. Shares for $263,373 were sold by GAVRIELOV MOSHE on Friday, September 2. VANDERSLICE ELIZABETH W also sold $535,800 worth of Xilinx, Inc. (NASDAQ:XLNX) on Friday, May 20. Another trade for 12,000 shares valued at $613,764 was made by HOWARD WILLIAM G JR on Monday, August 1. 45,000 shares with value of $1.98 million were sold by Hover-Smoot Scott on Wednesday, May 18. $4.14M worth of Xilinx, Inc. (NASDAQ:XLNX) was sold by Tong Vincent. TURNER MARSHALL C sold 16,000 shares worth $800,000. 14,821 Xilinx, Inc. (NASDAQ:XLNX) shares with value of $767,013 were sold by Rangasayee Krishna.

XLNX Company Profile

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.

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