Let’s reassess the active stocks with an eye toward XLNX stock. Just how should we respond to Wednesday’s drubbing? Is the mighty fruit now destined to decay? Or is this a mere bruising and nothing more? On 13 March, shares of Xilinx, Inc. (NASDAQ:XLNX) closed higher after a volatile session. The shares accumulated 0.54 points or 0.44 percent at $122.93 with a light trade volume of 2.769 million shares. After opening the session at $123, the shares went as high as $124.37 and as low as $122.04, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $31.5 billion and now has 255.9 million shares outstanding. Xilinx, Inc. (XLNX) stock has gained 6.99 percent of market value in 21 trading days.
XLNX stock has a trailing 3-year beta of 1.18, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.36 a share in the trailing twelve months. The stock’s value has surged 44.33 percent year to date (YTD) against a rise of 59.5 percent in 12 month’s time. The company’s shares still trade -3.74 percent away from its 1-year high of $127.70 and 96.56 percent up from 52-week low of $62.54. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Xilinx, Inc. (XLNX) will probably climb -8.69 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $150-month high price target. This represents a whopping 22.02 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $110, which represents a return potential of -10.52 percent when compared to the closing price of the stock of $122.93 on Wednesday, March 13. The lowest price target for the stock is $88 — slightly more than -28.41 percent from XLNX’s current share price.
History has shown that shares in Xilinx, Inc. have gone up on 22 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings. Investors will get their next glimpse of XLNX’s Q4 earnings on April 24. Analysts are forecasting revenue to climb 22.3 percent to $823M in the fiscal fourth quarter, while earnings are seen soaring by nearly 24 percent to $0.93 per share. It earned $0.93 per share, better than the $0.85, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $800M, better than the $770M analysts expected. Earnings are estimated to increase by 24.9 percent this year, 11.07 percent next year and continue to increase by 18.19 percent annually for the next 5 years.
The stock is currently hovering around the first support level of $121.86. Below this, the next support is placed in the zone of $120.78. Till the time, the XLNX stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 63.85 on daily chart, which may remain a cause for concern. If the price breaks below $120.78 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $124.19 mark may result into a pull-back move towards $125.44 level.
Shares of Xilinx, Inc. (XLNX) are trading at a P/E ratio of 30.8 times earnings reported for the past 12 months. The industry XLNX operates in has an average P/E of 247.18. Its P/E ratio went as low as 18.03X and as high as 24.95 over the 5-year span.Further, it is sporting a 10.83 on the Price-to-Sales ratio. Compare this with the industry average P/S of 10.83. 69.6 percent is the gross profit margin for Xilinx, Inc. and operating margin sits at 30.9 percent. Along with this, the net profit margin is 27.9 percent.