The chart of Xilinx, Inc. (XLNX) shows a double top with $69.51 target or 45.00% above today’s $47.94 share price. The 9 months chart pattern indicates low risk for the $12.44B company. It was reported on Feb, 19 by Finviz.com. If the $69.51 price target is reached, the company will be worth $5.60B more. Double tops are rare but powerful chart patterns. The stock decreased 1.80% or $0.88 during the last trading session, hitting $47.94. About 2.45M shares traded hands. Xilinx, Inc. (NASDAQ:XLNX) has risen 13.85% since July 14, 2015 and is uptrending. It has outperformed by 22.49% the S&P500.

Analysts await Xilinx, Inc. (NASDAQ:XLNX) to reports earnings on April, 27. They expect $0.52 earnings per share, down 10.34% or $0.06 from last year’s $0.58 per share. XLNX’s profit will be $134.94 million for 23.05 P/E if the $0.52 EPS becomes reality. After $0.49 actual earnings per share reported by Xilinx, Inc. for the previous quarter, Wall Street now forecasts 6.12% EPS growth.

Out of 20 analysts covering Xilinx Inc. (NASDAQ:XLNX), 8 rate it “Buy”, 1 “Sell”, while 15 “Hold”. This means 33% are positive. $60 is the highest target while $42 is the lowest. The $48.85 average target is 2.21% above today’s ($47.94) stock price. Xilinx Inc. was the topic in 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock on February 3 to “Buy” rating. FBR Capital maintained the shares of XLNX in a report on October 15 with “Mkt Perform” rating.

According to Zacks Investment Research, “Xilinx, Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Its programmable logic devices include field programmable gate arrays and complex programmable logic devices. These devices are standard products that its customers program to perform desired logic functions.”

The institutional sentiment increased to 1.03 in 2015 Q3. Its up 0.14, from 0.89 in 2015Q2. The ratio improved, as 47 funds sold all Xilinx, Inc. shares owned while 170 reduced positions. 41 funds bought stakes while 183 increased positions. They now own 204.15 million shares or 12.21% less from 232.54 million shares in 2015Q2.

Blue Harbour Group L.P. holds 9.13% of its portfolio in Xilinx, Inc. for 6.91 million shares. Ashmore Wealth Management Llc owns 5.50 million shares or 5.27% of their US portfolio. Moreover, Sadoff Investment Management Llc has 3.61% invested in the company for 653,304 shares. The Ohio-based Oak Associates Ltd Oh has invested 3.08% in the stock. Fort Pitt Capital Group Inc, a Pennsylvania-based fund reported 510,904 shares.

Since April 8, 2015, the stock had 0 insider buys, and 3 sales for $3.66 million net activity. Hover-Smoot Scott sold 20,000 shares worth $954,782. Tong Vincent sold 50,000 shares worth $2.39 million. Gianos Philip T sold 7,294 shares worth $309,630. Rangasayee Krishna sold 16,250 shares worth $709,763. The insider Peng Victor sold 761 shares worth $32,907.

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