Xilinx Inc. (XLNX) Sets New 12-Month High at $54.73
Shares of Xilinx Inc. (NASDAQ:XLNX) reached a new 52-week high during trading on Monday . The company traded as high as $54.73 and last traded at $54.46, with a volume of 2,088,400 shares changing hands. The stock had previously closed at $54.24.
A number of brokerages have recently issued reports on XLNX. Citigroup Inc. lifted their price target on 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. lowered Xilinx from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $54.00 to $51.00 in a research note on Wednesday, June 1st. Nomura reaffirmed a “neutral” rating and issued a $41.00 price target on shares of Xilinx in a research note on Thursday, May 26th. Morgan Stanley reaffirmed a “hold” rating on shares of Xilinx in a research note on Tuesday, May 24th. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $55.00 price target on shares of Xilinx in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.96.
The firm has a market capitalization of $13.80 billion and a price-to-earnings ratio of 25.82. The stock has a 50-day moving average of $51.58 and a 200-day moving average of $47.68.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $574.90 million for the quarter, compared to analyst estimates of $571.06 million. Xilinx’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. Equities analysts predict that Xilinx Inc. will post $2.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Thursday, August 11th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, August 9th.
In other news, insider Krishna Rangasayee sold 14,821 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $51.75, for a total transaction of $766,986.75. Following the sale, the insider now owns 30,186 shares in the company, valued at $1,562,125.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Tong sold 80,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $51.79, for a total value of $4,143,200.00. Following the sale, the insider now owns 107,879 shares in the company, valued at approximately $5,587,053.41. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Xilinx stock. I.G. Investment Management LTD. raised its stake in Xilinx Inc. (NASDAQ:XLNX) by 20.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,750 shares of the programmable devices maker’s stock after buying an additional 7,200 shares during the period. I.G. Investment Management LTD.’s holdings in Xilinx were worth $2,008,000 as of its most recent SEC filing.
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.