Xilinx Inc. (XLNX) Sets New 1-Year High at $51.74
Xilinx Inc. (NASDAQ:XLNX) shares reached a new 52-week high on Friday . The stock traded as high as $51.74 and last traded at $51.66, with a volume of 605,514 shares. The stock had previously closed at $51.43.
Several research analysts have weighed in on the stock. MKM Partners lowered their price objective on shares of Xilinx from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, April 28th. BMO Capital Markets reiterated a “buy” rating on shares of Xilinx in a report on Thursday, April 28th. Citigroup Inc. increased their target price on shares of Xilinx from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. downgraded shares of Xilinx from a “buy” rating to a “neutral” rating and lowered their target price for the company from $54.00 to $51.00 in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.21.
The company has a market cap of $13.12 billion and a price-to-earnings ratio of 24.55. The firm’s 50 day moving average price is $47.68 and its 200 day moving average price is $46.85.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. During the same period last year, the firm posted $0.55 EPS. The business earned $574.90 million during the quarter, compared to analysts’ expectations of $571.06 million. Xilinx’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Xilinx Inc. will post $2.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Thursday, August 11th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 9th.
In other news, SVP Scott Hover-Smoot sold 45,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 76,418 shares of the company’s stock, valued at approximately $3,368,505.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven L. Glaser sold 9,922 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $51.21, for a total transaction of $508,105.62. Following the sale, the insider now directly owns 20,118 shares of the company’s stock, valued at approximately $1,030,242.78. The disclosure for this sale can be found here.
Several large investors have added to or reduced their stakes in the stock. Eaton Vance Management raised its stake in Xilinx by 1.8% in the fourth quarter. Eaton Vance Management now owns 125,766 shares of the programmable devices maker’s stock valued at $5,907,000 after buying an additional 2,245 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in Xilinx by 6.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 220,960 shares of the programmable devices maker’s stock valued at $10,524,000 after buying an additional 14,006 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Xilinx during the fourth quarter valued at approximately $1,031,000. Andra AP fonden raised its stake in Xilinx by 2.9% in the fourth quarter. Andra AP fonden now owns 61,000 shares of the programmable devices maker’s stock valued at $2,865,000 after buying an additional 1,700 shares during the last quarter. Finally, TrimTabs Asset Management LLC raised its stake in Xilinx by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 53,855 shares of the programmable devices maker’s stock valued at $2,530,000 after buying an additional 1,007 shares during the last quarter.
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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