Xilinx Inc. (XLNX) Reaches New 1-Year High at $54.62
Xilinx Inc. (NASDAQ:XLNX)’s share price hit a new 52-week high during mid-day trading on Monday . The stock 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.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Nomura reissued a “neutral” rating and set a $41.00 price target on shares of Xilinx in a report on Thursday, May 26th. Robert W. Baird reissued an “outperform” rating and set a $52.00 price target on shares of Xilinx in a report on Wednesday, May 25th. Morgan Stanley reissued a “hold” rating on shares of Xilinx in a report on Tuesday, May 24th. Finally, Deutsche Bank AG boosted their price target on shares of Xilinx from $44.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $49.83.
The firm has a market cap of $13.75 billion and a P/E ratio of 25.72. The firm’s 50-day moving average price is $50.63 and its 200 day moving average price is $47.43.
Xilinx (NASDAQ:XLNX) last announced 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. During the same period in the prior year, the business posted $0.55 EPS. The firm earned $574.90 million during the quarter, compared to analyst estimates of $571.06 million. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Xilinx Inc. will post $2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Thursday, August 11th were given a $0.33 dividend. 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 related news, insider Krishna Rangasayee sold 14,821 shares of Xilinx stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $51.75, for a total value of $766,986.75. Following the sale, the insider now owns 30,186 shares of the company’s stock, valued at approximately $1,562,125.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marshall C. Turner sold 16,000 shares of Xilinx stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the completion of the sale, the director now directly owns 49,384 shares in the company, valued at approximately $2,469,200. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department raised its stake 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 in the last quarter. Stephens Investment Management Group LLC raised its position 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 valued at $1,341,000 after buying an additional 2,895 shares during the period. I.G. Investment Management LTD. raised 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 valued at $2,008,000 after buying an additional 7,200 shares during the period. Finally, Marshall Wace LLP bought a new position in Xilinx during the fourth quarter valued at $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.