Xilinx, Inc. (NASDAQ:XLNX) SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, the senior vice president now directly owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s payout ratio is presently 60.09%.

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Several brokerages have recently issued reports on XLNX. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Tuesday, August 1st. Vetr raised Xilinx from a “buy” rating to a “strong-buy” rating and set a $70.95 target price for the company in a research report on Tuesday, August 1st. Credit Suisse Group set a $75.00 target price on Xilinx and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Barclays PLC set a $65.00 target price on Xilinx and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.57.

Several institutional investors have recently modified their holdings of the company. Alethea Capital Management LLC acquired a new position in shares of Xilinx during the second quarter worth about $4,784,000. MARSHALL WACE ASIA Ltd increased its position in shares of Xilinx by 29.4% in the second quarter. MARSHALL WACE ASIA Ltd now owns 205,454 shares of the programmable devices maker’s stock worth $13,150,000 after buying an additional 46,688 shares during the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Xilinx by 1,281.9% in the second quarter. Tocqueville Asset Management L.P. now owns 66,525 shares of the programmable devices maker’s stock worth $4,279,000 after buying an additional 61,711 shares during the last quarter. Columbus Circle Investors acquired a new position in shares of Xilinx during the second quarter worth about $1,311,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Xilinx by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 372,293 shares of the programmable devices maker’s stock worth $23,946,000 after buying an additional 1,838 shares during the last quarter. 94.06% of the stock is currently owned by institutional investors and hedge funds.

Xilinx Company Profile

Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); 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.

Insider Buying and Selling by Quarter for Xilinx (NASDAQ:XLNX)

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