Xilinx Inc. (XLNX) Reaches New 52-Week High at $52.43
Shares of Xilinx Inc. (NASDAQ:XLNX) reached a new 52-week high on Monday . The company traded as high as $52.43 and last traded at $52.39, with a volume of 589,425 shares trading hands. The stock had previously closed at $51.84.
XLNX has been the topic of a number of analyst reports. Wells Fargo & Co. restated a “buy” rating on shares of Xilinx in a research note on Wednesday, July 6th. Morgan Stanley lifted their price target on Xilinx from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Citigroup Inc. lifted their price target on Xilinx from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Robert W. Baird restated a “buy” rating and issued a $52.00 price target on shares of Xilinx in a research note on Thursday, April 28th. Finally, Pacific Crest restated an “overweight” rating and issued a $55.00 price target on shares of Xilinx in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Xilinx has an average rating of “Hold” and an average price target of $49.39.
The stock has a market capitalization of $13.12 billion and a P/E ratio of 24.53. The company has a 50 day moving average of $48.96 and a 200 day moving average of $47.13.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. During the same period in the previous year, the business posted $0.55 earnings per share. The firm had revenue of $574.90 million for the quarter, compared to the consensus estimate of $571.06 million. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Xilinx Inc. will post $2.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.33 per share. 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, insider Krishna Rangasayee sold 14,821 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $51.75, for a total transaction of $766,986.75. Following the completion of the sale, the insider now directly owns 30,186 shares of the company’s stock, valued at approximately $1,562,125.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth W. Vanderslice sold 12,000 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $44.65, for a total value of $535,800.00. Following the sale, the director now directly owns 30,552 shares of the company’s stock, valued at $1,364,146.80. The disclosure for this sale can be found here.
Other large investors recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC raised its stake in Xilinx by 11.3% in the fourth quarter. Stephens Investment Management Group LLC now owns 28,550 shares of the programmable devices maker’s stock valued at $1,341,000 after buying an additional 2,895 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Xilinx by 20.3% in the fourth quarter. I.G. Investment Management LTD. now owns 42,750 shares of the programmable devices maker’s stock valued at $2,008,000 after buying an additional 7,200 shares during the period. Trexquant Investment LP boosted its stake in shares of Xilinx by 29.0% in the fourth quarter. Trexquant Investment LP now owns 30,100 shares of the programmable devices maker’s stock valued at $1,414,000 after buying an additional 6,758 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Xilinx during the fourth quarter valued at approximately $7,985,000. Finally, Marshall Wace LLP acquired a new stake in shares of Xilinx during the fourth quarter valued at approximately $1,072,000.
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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