Sharp investors are usually looking for true bargains in the stock market. Finding these stocks can help give the stock portfolio a boost. Shares of Xilinx, Inc. (NASDAQ:XLNX) have come into focus recently. Checking in on the stock, we can see that it has been trading near the $98.63 level. Going forward, the investment community will be closely monitoring shares looking for signs of positive momentum. Investors will often follow the current stock price relative to its 52-week high and low levels. The 52-week high is presently 132.14, and the 52-week low is sitting at 68.98. When the stock is trading near the 52-week high or 52-week low, investors may pay increased attention to see if there will be a move through that level. Scanning back over the past 12 weeks, the stock has moved 5.51%. Heading back to the beginning of the calendar year, we can see that shares have changed 14.26%. Over the last 4 weeks, shares have seen a change of 2.14775%. Over the last 5 sessions, the stock has moved 234%.
Investors may be searching high and low in the market to find some bargain stocks to add to the portfolio. Finding those great stocks at cheap prices may take a lot of research and dedication. Many investors will opt to compare stocks in the same industry. This may be a good way to help determine which ones are poised to stand out above the rest. As we move into the second half of the year, all eyes will be watching the major economic reports. If the data continues to impress, the stock market may continue to cruise along without many hiccups. Careful investors will no doubt be combing through specific company data to make sure the fundamentals are in line as well. Following company fundamentals and stock technicals may help create a wider frame of reference to work with.
Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of Xilinx, Inc. (NASDAQ:XLNX) is 1.93. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 19 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Tracking the current quarter consensus EPS estimate for Xilinx, Inc. (NASDAQ:XLNX), we have noted that the number is currently 0.68. This estimate is using 9 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of 0.78. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.
Analysts have set a target price on shares of Xilinx, Inc. (NASDAQ:XLNX). The current consensus price target is $97.2. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.
There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.