Xilinx Inc (XLNX) Gets a Buy Rating from Morgan Stanley

In a report released today, Joseph Moore from Morgan Stanley maintained a Buy rating on Xilinx Inc (XLNX), with a price target of $118.00. The company’s shares closed last Monday at $92.60.

According to TipRanks.com, Moore is a 4-star analyst with an average return of 8.3% and a 52.4% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Intel Corporation, and Texas Instruments.

Xilinx Inc has an analyst consensus of Moderate Buy, with a price target consensus of $111.85, representing a 21.3% upside. In a report issued on October 14, Nomura also upgraded the stock to Buy with a $115.00 price target.

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Xilinx Inc’s market cap is currently $23.7B and has a P/E ratio of 25.68. The company has a Price to Book ratio of 9.02.

Based on the recent corporate insider activity of 55 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.