In a report released today, Vijay Rakesh from Mizuho Securities maintained a Hold rating on Xilinx (XLNX – Research Report), with a price target of $200.00. The company’s shares closed last Wednesday at $180.85.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 26.2% and a 68.4% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and Skyworks Solutions.
Xilinx has an analyst consensus of Hold, with a price target consensus of $155.86.
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Based on Xilinx’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $879 million and net profit of $206 million. In comparison, last year the company earned revenue of $727 million and had a net profit of $93.84 million.
Based on the recent corporate insider activity of 31 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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Founded in 1984 and based in California, Xilinx, Inc. is a semiconductor manufacturing company, which designs and develops programmable logic semiconductor devices and the related software design tools.
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