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

XLNX has been the subject of a number of research analyst reports. Zacks Investment Research lowered Xilinx from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Wells Fargo & Co. restated a “buy” rating on shares of Xilinx in a report on Wednesday, July 6th. Robert W. Baird restated an “outperform” rating and issued a $52.00 target price on shares of Xilinx in a report on Wednesday, May 25th. Jefferies Group increased their target price on Xilinx from $48.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Finally, BMO Capital Markets restated a “buy” rating on shares of Xilinx in a report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.83.

The company has a 50-day moving average price of $49.92 and a 200 day moving average price of $47.29. The firm has a market capitalization of $13.70 billion and a PE ratio of 25.62.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.05. The firm earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. During the same period in the previous year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Xilinx Inc. will post $2.22 EPS for the current 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 dividend of $0.33 per share. The ex-dividend date is Tuesday, August 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%.

In other news, Director William G. Howard, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $51.15, for a total transaction of $613,800.00. Following the completion of the sale, the director now owns 12,000 shares of the company’s stock, valued at approximately $613,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marshall C. Turner sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $50.00, for a total transaction of $800,000.00. Following the sale, the director now directly owns 49,384 shares of the company’s stock, valued at approximately $2,469,200. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of Xilinx during the fourth quarter valued at approximately $1,072,000. Stephens Investment Management Group LLC increased its position in shares of 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 during the last quarter. Trexquant Investment LP increased its position 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 last quarter. I.G. Investment Management LTD. increased its position 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 last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Xilinx by 29.0% in the fourth quarter. Victory Capital Management Inc. now owns 48,774 shares of the programmable devices maker’s stock valued at $2,291,000 after buying an additional 10,966 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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