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Instinet announced Xilinx Inc. (NDAQ:XLNX), bumping up its stock price target to $50.00 today

Boasting a price of $65.74, Xilinx Inc. (NDAQ:XLNX) traded 0.91% higher on the day. With the last close up 12.16% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Xilinx Inc. has recorded a 50-day average of $64.29 and a two hundred day average of $63.15. Volume of trade was down over the average, with 2,186,284 shares of XLNX changing hands under the typical 2,502,510

In a statement issued on 5/25/2017 Instinet upped the stock price target of Xilinx Inc. (NDAQ:XLNX) from $45.00 to $50.00 stating a potential downside of -0.24%.

Performance Chart

Xilinx Inc. (NDAQ:XLNX)

With a total market value of $0, Xilinx Inc. has price-earnings ratio of 30.27 with a one year low of $48.75 and a one year high of $70.93 .

A total of 17 analysts have released a research note on XLNX. Four analysts rating the company a strong buy, three analysts rating the company a buy, thirteen analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $48.12.

More About Xilinx Inc. (NDAQ:XLNX)

Xilinx, Inc. (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company's programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various 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) that its customers program to perform desired logic functions, and programmable SoCs, which combine (Advanced reduced instruction set computing (RISC) Machines (ARM)) processor-based systems with programmable logic in a single device.

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