Headlines about Xilinx (NASDAQ:XLNX) have trended somewhat positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xilinx earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the programmable devices maker an impact score of 46.5495051861909 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Xilinx, Inc. (XLNX) Expected to Post Earnings of $0.62 Per Share (americanbankingnews.com)
- Xilinx Getting Closer To Key Technical Measure (finance.yahoo.com)
- Xilinx (XLNX) Stock Sees 3% Spike: Will the Momentum Last? – Nasdaq (nasdaq.com)
- Xilinx Sees RS Rating Climb To 73 (finance.yahoo.com)
Shares of Xilinx (NASDAQ:XLNX) opened at 68.33 on Friday. Xilinx has a 52-week low of $48.75 and a 52-week high of $68.75. The firm has a 50-day moving average of $63.93 and a 200-day moving average of $62.94. The company has a market cap of $16.99 billion, a P/E ratio of 29.20 and a beta of 1.08.
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, beating the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the prior year, the business posted $0.61 EPS. Xilinx’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Xilinx will post $2.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 2.05%. Xilinx’s payout ratio is 60.09%.
XLNX has been the subject of a number of analyst reports. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price for the company in a research note on Monday, June 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Xilinx in a research note on Wednesday, May 24th. Jefferies Group LLC raised shares of Xilinx from a “hold” rating to a “buy” rating and raised their target price for the company from $68.00 to $77.00 in a research note on Monday, July 10th. BidaskClub downgraded shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, KeyCorp set a $70.00 target price on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.57.
COPYRIGHT VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Xilinx (XLNX) Share Price” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/09/17/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-xilinx-xlnx-share-price.html.
In other news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the sale, the insider now owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
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.
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