Exclusive: After Today’s Big Increase, Is Xilinx, Inc.’s Near-Term Analysis Positive?

Exclusive: After Today's Big Increase, Is Xilinx, Inc.'s Near Term Analysis Positive?

The stock of Xilinx, Inc. (NASDAQ:XLNX) is a huge mover today! About 745,054 shares traded hands. Xilinx, Inc. (NASDAQ:XLNX) has risen 10.11% since April 11, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.
The move comes after 7 months positive chart setup for the $12.65B company. It was reported on Nov, 11 by Barchart.com. We have $79.11 PT which if reached, will make NASDAQ:XLNX worth $6.96 billion more.

Xilinx, Inc. (NASDAQ:XLNX) Ratings Coverage

Out of 14 analysts covering Xilinx Inc. (NASDAQ:XLNX), 2 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 14% are positive. Xilinx Inc. has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Argus Research maintained Xilinx, Inc. (NASDAQ:XLNX) on Thursday, October 15 with “Buy” rating. As per Thursday, October 20, the company rating was maintained by Barclays Capital. The stock of Xilinx, Inc. (NASDAQ:XLNX) has “Buy” rating given on Monday, September 14 by Goldman Sachs. The rating was downgraded by Goldman Sachs to “Buy” on Wednesday, February 3. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, October 12. Topeka Capital Markets maintained the shares of XLNX in a report on Thursday, October 15 with “Hold” rating. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, October 15. On Thursday, June 2 the stock rating was downgraded by Goldman Sachs to “Neutral”.

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 2016 Q2. 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.
Deutsche Fincl Bank Ag reported 5.59M shares or 0.18% of all its holdings. Utah Retirement, a Utah-based fund reported 46,300 shares. Royal Retail Bank Of Canada reported 2.05 million shares or 0.06% of all its holdings. Champlain Prtnrs Ltd Liability Corporation owns 434,455 shares or 0.35% of their US portfolio. Point72 Asia (Hong Kong) Limited owns 500 shares or 0.03% of their US portfolio. The Ontario – Canada-based Manufacturers Life Ins The has invested 0.02% in Xilinx, Inc. (NASDAQ:XLNX). Amica Pension Fund Board Of Trustees reported 11,883 shares or 0.07% of all its holdings. Cubist Systematic Strategies Ltd Com has invested 0.02% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX). Massmutual Tru Fsb Adv last reported 0% of its portfolio in the stock. Davidson Invest owns 1,990 shares or 0.02% of their US portfolio. New Mexico Educational Retirement Board, a New Mexico-based fund reported 29,545 shares. Hall Laurie J Trustee holds 0.82% of its portfolio in Xilinx, Inc. (NASDAQ:XLNX) for 26,685 shares. Cypress Asset Mgmt Tx holds 22,800 shares or 0.21% of its portfolio. The Texas-based Next Fincl Grp has invested 0% in Xilinx, Inc. (NASDAQ:XLNX). Regions Fincl reported 830,387 shares or 0.5% of all its holdings.

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 12 selling transactions for $12.61 million net activity. 80,000 Xilinx, Inc. (NASDAQ:XLNX) shares with value of $4.14M were sold by Tong Vincent. Another trade for 4,812 shares valued at $263,373 was made by GAVRIELOV MOSHE on Friday, September 2. $613,764 worth of shares were sold by HOWARD WILLIAM G JR on Monday, August 1. $535,800 worth of shares were sold by VANDERSLICE ELIZABETH W on Friday, May 20. $1.98 million worth of Xilinx, Inc. (NASDAQ:XLNX) was sold by Hover-Smoot Scott. Shares for $800,000 were sold by TURNER MARSHALL C on Thursday, July 28. 14,821 shares were sold by Rangasayee Krishna, worth $767,013.

More recent Xilinx, Inc. (NASDAQ:XLNX) news were published by: Prnewswire.com which released: “Xilinx Announces Second Quarter 2017 Results; Advanced Products Repeat 60 …” on October 19, 2016. Also Prnewswire.com published the news titled: “Xilinx Zynq SoCs and MPSoCs Power Embedded Vision and IIoT Applications at ARM …” on October 24, 2016. Prnewswire.com‘s news article titled: “Xilinx Announces Production Milestone for 16nm UltraScale+ Portfolio Ahead of …” with publication date: October 12, 2016 was also an interesting one.

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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