Xilinx Inc. (XLNX) Hits New 1-Year High at $52.43
Xilinx Inc. (NASDAQ:XLNX)’s share price reached a new 52-week high on Monday . The stock traded as high as $52.43 and last traded at $52.39, with a volume of 589,425 shares trading hands. The stock had previously closed at $51.84.
XLNX has been the topic of a number of research analyst reports. Wells Fargo & Co. reissued a “buy” rating on shares of Xilinx in a research note on Wednesday, July 6th. Robert W. Baird reissued a “buy” rating and issued a $52.00 price target on shares of Xilinx in a research note on Friday, June 17th. BMO Capital Markets reissued a “buy” rating on shares of Xilinx in a research note on Thursday, April 28th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, July 29th. Finally, Morgan Stanley lifted their price target on shares of Xilinx from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.39.
The firm has a market cap of $13.22 billion and a P/E ratio of 24.720. The stock has a 50 day moving average price of $48.55 and a 200 day moving average price of $47.11.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The firm earned $574.90 million during the quarter, compared to analysts’ expectations of $571.06 million. During the same quarter in the prior year, the business earned $0.55 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Xilinx Inc. will post $2.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Thursday, August 11th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 9th.
In related news, insider Vincent Tong sold 80,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $51.79, for a total transaction of $4,143,200.00. Following the sale, the insider now owns 107,879 shares of the company’s stock, valued at $5,587,053.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Scott Hover-Smoot sold 45,000 shares of the stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $44.08, for a total value of $1,983,600.00. Following the sale, the senior vice president now directly owns 76,418 shares in the company, valued at approximately $3,368,505.44. The disclosure for this sale can be found here.
Several hedge funds recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in Xilinx during the fourth quarter worth approximately $1,031,000. Marshall Wace LLP bought a new stake in Xilinx during the fourth quarter worth approximately $1,072,000. Advantus Capital Management Inc raised its stake in Xilinx by 3.1% in the fourth quarter. Advantus Capital Management Inc now owns 24,782 shares of the programmable devices maker’s stock worth $1,164,000 after buying an additional 753 shares during the last quarter. Stephens Investment Management Group LLC raised its stake 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. Finally, Mutual of America Capital Management LLC raised its stake 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.
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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