Xilinx Inc. (NASDAQ:XLNX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.77 and last traded at $53.52, with a volume of 1,005,021 shares traded. The stock had previously closed at $53.14.

Several research firms have issued reports on XLNX. MKM Partners cut their target price on Xilinx from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, April 28th. Zacks Investment Research raised Xilinx from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Nomura reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of Xilinx in a research note on Thursday, May 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Xilinx in a research note on Thursday, July 28th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Xilinx in a research note on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.83.

The company has a 50 day moving average price of $49.59 and a 200-day moving average price of $47.23. The stock has a market cap of $13.58 billion and a price-to-earnings ratio of 25.40.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The company earned $574.90 million during the quarter, compared to analyst estimates of $571.06 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Xilinx Inc. will post $2.22 EPS for the current fiscal year.

The company also recently disclosed 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. The ex-dividend date is Tuesday, August 9th. This represents a $1.32 dividend on an annualized basis and a yield of 2.48%.

In other Xilinx news, 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 value of $508,105.62. Following the completion of the transaction, the insider now directly owns 20,118 shares of the company’s stock, valued at approximately $1,030,242.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven L. Glaser sold 4,742 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $51.59, for a total transaction of $244,639.78. Following the completion of the transaction, the insider now directly owns 15,376 shares of the company’s stock, valued at $793,247.84. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Xilinx during the fourth quarter worth $1,072,000. Stephens Investment Management Group LLC boosted its position 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 worth $1,341,000 after buying an additional 2,895 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Xilinx by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 28,724 shares of the programmable devices maker’s stock worth $1,349,000 after buying an additional 108 shares during the last quarter. Trexquant Investment LP boosted its position in Xilinx by 29.0% in the fourth quarter. Trexquant Investment LP now owns 30,100 shares of the programmable devices maker’s stock worth $1,414,000 after buying an additional 6,758 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its position in 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 worth $2,008,000 after buying an additional 7,200 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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