Xilinx Announces Quarterly Dividend of $0.22 (XLNX)
Xilinx (NASDAQ:XLNX) declared a quarterly dividend on Friday, January 18th. Stockholders of record on Wednesday, February 6th will be given a dividend of $0.22 per share on Wednesday, February 27th. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, February 4th.
Several analysts have also recently commented on the stock. Analysts at Barclays Capital reiterated an “equal weight” rating on shares of Xilinx in a research note to investors on Friday. They now have a $36.00 price target on the stock. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of Xilinx in a research note to investors on Friday. They now have a $37.00 price target on the stock, up previously from $36.00. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Xilinx in a research note to investors on Friday. They now have a $31.00 price target on the stock.
Seven analysts have rated the stock with a buy rating, three have issued an overweight rating, and nineteen have issued a hold rating to the stock. The company currently has a consensus rating of “overweight” and an average target price of $36.04.
Shares of Xilinx (XLNX) traded up 2.00% during mid-day trading on Friday, hitting $37.17. Xilinx (XLNX) has a 52 week low of $30.25 and a 52 week high of $37.74. The stock’s 50-day moving average is currently $35.63. The company has a market cap of $9.698 billion and a P/E ratio of 19.70.
Xilinx last announced its earnings results on Thursday, January 17th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $509.80 million for the quarter, compared to the consensus estimate of $527.66 million. During the same quarter in 2012, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Xilinx (XLNX) will post $1.76 EPS for the current fiscal year.
Xilinx, Inc. (Xilinx) designs, develops and markets programmable platforms. These programmable platforms have components, which includes integrated circuits (ICs) in the form of programmable logic devices (PLDs), including Extensible Processing Platforms (EPPs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx and various third-party verification and IP cores.
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