Xilinx Inc. (XLNX) Reaches New 12-Month High at $51.74
Xilinx Inc. (NASDAQ:XLNX) shares hit a new 52-week high on Friday . The company traded as high as $51.74 and last traded at $51.66, with a volume of 605,514 shares changing hands. The stock had previously closed at $51.43.
A number of research analysts have recently weighed in on the company. MKM Partners dropped their price target on Xilinx from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, April 28th. Zacks Investment Research cut Xilinx from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Nomura restated a “neutral” rating and issued a $41.00 price target on shares of Xilinx in a research report on Thursday, May 26th. BMO Capital Markets restated a “buy” rating on shares of Xilinx in a research report on Thursday, April 28th. Finally, Robert W. Baird restated an “outperform” rating and issued a $52.00 price target on shares of Xilinx in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.21.
The stock has a 50 day moving average of $47.82 and a 200-day moving average of $46.89. The firm has a market cap of $13.12 billion and a P/E ratio of 24.55.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $571.06 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Xilinx Inc. will post $2.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Thursday, August 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.55%. The ex-dividend date is Tuesday, August 9th.
In other Xilinx news, insider Steven L. Glaser sold 9,922 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $51.21, for a total value of $508,105.62. Following the transaction, the insider now owns 20,118 shares in the company, valued at $1,030,242.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth W. Vanderslice sold 12,000 shares of the business’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the transaction, the director now owns 30,552 shares in the company, valued at approximately $1,364,146.80. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. Systematic Financial Management LP purchased a new position in shares of Xilinx during the fourth quarter worth approximately $7,985,000. State of Tennessee Treasury Department increased its position in shares of 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. BlackRock Advisors LLC increased its position in shares of Xilinx by 22.8% in the fourth quarter. BlackRock Advisors LLC now owns 236,404 shares of the programmable devices maker’s stock worth $11,104,000 after buying an additional 43,817 shares during the period. Marshall Wace LLP purchased a new position in shares of Xilinx during the fourth quarter worth approximately $1,072,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Xilinx during the fourth quarter worth approximately $1,031,000.
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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