In a report released yesterday, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Xilinx Inc (XLNX). The company’s shares closed last Monday at $93.83.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.0% and a 62.4% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xilinx Inc with a $119.08 average price target, implying a 25.7% upside from current levels. In a report issued on October 14, Nomura also upgraded the stock to Buy 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 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.
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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.
