Xilinx Inc (XLNX) Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released today, Quinn Bolton from Needham maintained a Hold rating on Xilinx Inc (XLNXResearch Report). The company’s shares closed last Monday at $91.84.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 17.0% and a 67.8% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Applied Materials Inc, and Ultra Clean Holdings.

Xilinx Inc has an analyst consensus of Moderate Buy, with a price target consensus of $126.44, a 38.0% upside from current levels. In a report issued on September 20, Merrill Lynch also downgraded the stock to Hold with a $115.00 price target.

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Based on Xilinx Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $241 million. In comparison, last year the company had a net profit of $216 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XLNX in relation to earlier this year.

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. engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support.