Shares of Xilinx Inc. (NASDAQ:XLNX) hit a new 52-week high during trading on Monday . The company traded as high as $54.62 and last traded at $54.29, with a volume of 653,223 shares trading hands. The stock had previously closed at $54.18.

A number of brokerages recently commented on XLNX. Citigroup Inc. increased their target price on shares of Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. cut shares of Xilinx from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $54.00 to $51.00 in a research note on Wednesday, June 1st. Nomura reiterated a “neutral” rating and issued a $41.00 target price on shares of Xilinx in a research note on Thursday, May 26th. Morgan Stanley reiterated a “hold” rating on shares of Xilinx in a research note on Tuesday, May 24th. Finally, Pacific Crest reiterated an “overweight” rating and issued a $55.00 target price on shares of Xilinx in a research note on Wednesday, May 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.83.

The company has a market capitalization of $13.74 billion and a PE ratio of 25.69. The company has a 50 day moving average of $51.02 and a 200-day moving average of $47.54.

Xilinx (NASDAQ:XLNX) last released its quarterly 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 business had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $571.06 million. Xilinx’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. Equities analysts predict that Xilinx Inc. will post $2.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Thursday, August 11th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, August 9th.

In other Xilinx news, Director William G. Howard, Jr. sold 12,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 12,000 shares in the company, valued at $613,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Krishna Rangasayee sold 14,821 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $51.75, for a total transaction of $766,986.75. Following the transaction, the insider now owns 30,186 shares in the company, valued at approximately $1,562,125.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of XLNX. State of Tennessee Treasury Department boosted its position in Xilinx by 351.8% in the fourth quarter. State of Tennessee Treasury Department now owns 182,066 shares of the programmable devices maker’s stock worth $8,551,000 after buying an additional 141,766 shares during the period. 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 period. Finally, Marshall Wace LLP purchased a new position in Xilinx during the fourth quarter worth $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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