Xilinx (XLNX) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jun 2, 2016.
Many Wall Street Analysts have commented on Xilinx. Shares were Reiterated by MKM Partners on Apr 28, 2016 to “Neutral” and Lowered the Price Target to $ 45 from a previous price target of $46 .
On the company’s financial health, Xilinx reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.52. The company had revenue of $571.00 million for the quarter, compared to analysts expectations of $566.26 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
Xilinx closed down -0.02 points or -0.04% at $47.37 with 18,14,724 shares getting traded on Wednesday. Post opening the session at $47.15, the shares hit an intraday low of $47.01 and an intraday high of $47.45 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 20, 2016, Scott Hover-smoot (SVP General Counsel) sold 45,000 shares at $44.08 per share price. According to the SEC, on Mar 1, 2016, Steven L Glaser (Sr. Vice President) sold 7,539 shares at $48.32 per share price. On Dec 2, 2015, Victor Peng (Sr. Vice President) sold 40,000 shares at $50.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Xilinx Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards and intellectual property (IP) which consists of Xilinx and third-party verification and IP cores. The Company provides design services customer training field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs) complex programmable logic devices (CPLDs) programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets such as wired and wireless communications industrial scientific and medical aerospace and defense audio video and broadcast consumer automotive and test and measurement.