Susquehanna Reiterates a Hold Rating on Xilinx

By Carrie Williams

Susquehanna analyst Christopher Rolland reiterated a Hold rating on Xilinx (NASDAQ: XLNX) today and set a price target of $60. The company’s shares opened today at $64.31, close to its 52-week high of $67.75.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 9.0% and a 62.8% success rate. Rolland covers the Technology sector, focusing on stocks such as International Rectifier, Advanced Micro Devices, and Integrated Device Tech.

Currently, the analyst consensus on Xilinx is Moderate Buy and the average price target is $63, representing a -2.0% downside.

In a report issued on May 19, MKM Partners also reiterated a Hold rating on the stock with a $63 price target.

The company has a one year high of $67.75 and a one year low of $43.50. Currently, Xilinx has an average volume of 2.85M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Krishna Rangasayee, the SVP of XLNX sold 15,000 shares for a total of $973,350.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Xilinx, Inc. designs, develops and markets programmable devices and associated technologies. It offers programmable platforms, it also provides design services, customer training, field engineering and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V. Barnett II in February 1984 and is headquartered in San Jose, CA.