Xilinx, Inc. (NASDAQ:XLNX) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other brokerages have also recently weighed in on XLNX. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, February 23rd. Morgan Stanley reissued a “hold” rating on shares of Xilinx in a research report on Tuesday, May 24th. Robert W. Baird restated an “outperform” rating and issued a $52.00 price objective on shares of Xilinx in a research note on Wednesday, May 25th. MKM Partners dropped their price objective on shares of Xilinx from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, April 28th. Finally, Pacific Crest restated an “overweight” rating and issued a $55.00 price objective on shares of Xilinx in a research note on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.44.

In related news, Director Elizabeth W. Vanderslice sold 12,000 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the sale, the director now directly owns 30,552 shares of the company’s stock, valued at approximately $1,364,146.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Scott Hover-Smoot sold 45,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $44.08, for a total transaction of $1,983,600.00. Following the sale, the senior vice president now directly owns 76,418 shares of the company’s stock, valued at $3,368,505.44. The disclosure for this sale can be found here.

Xilinx (NASDAQ:XLNX) traded down 0.04% during midday trading on Wednesday, reaching $47.37. The company’s stock had a trading volume of 1,814,724 shares. The firm has a market cap of $12.02 billion and a price-to-earnings ratio of 23.11. The company’s 50-day moving average is $45.04 and its 200 day moving average is $46.73. Xilinx has a 12-month low of $38.73 and a 12-month high of $50.72.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 27th. The programmable devices maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. During the same period last year, the firm earned $0.58 earnings per share. The company earned $571 million during the quarter, compared to analysts’ expectations of $566.24 million. Xilinx’s revenue was up .7% on a year-over-year basis. Equities analysts forecast that Xilinx will post $2.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 8th. Investors of record on Wednesday, May 18th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.79%. This is a positive change from Xilinx’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, May 16th.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. Invictus RG increased its position in Xilinx by 427.7% in the first quarter. Invictus RG now owns 3,599 shares of the programmable devices maker’s stock worth $171,000 after buying an additional 2,917 shares during the period. Smith Moore & CO. bought a new position in Xilinx during the first quarter worth approximately $262,000. Buffington Mohr McNeal bought a new position in Xilinx during the first quarter worth approximately $265,000. Mn Services Vermogensbeheer B.V. bought a new position in Xilinx during the first quarter worth approximately $267,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Xilinx during the first quarter worth approximately $369,000.

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.

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