Xilinx, Inc. (NASDAQ:XLNX) CEO Moshe Gavrielov sold 25,000 shares of Xilinx stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at approximately $18,894,914.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Xilinx, Inc. (NASDAQ:XLNX) opened at 69.82 on Wednesday. The company has a market cap of $17.36 billion, a P/E ratio of 29.84 and a beta of 1.08. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $70.33. The stock’s 50 day moving average is $64.29 and its 200 day moving average is $63.15.
Xilinx (NASDAQ:XLNX) last posted its 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 company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. Xilinx’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. On average, equities analysts forecast that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, August 8th. Xilinx’s dividend payout ratio is presently 60.09%.
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XLNX has been the subject of several analyst reports. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, August 1st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of Xilinx in a research note on Monday, June 12th. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.57.
Several hedge funds and other institutional investors have recently bought and sold shares of XLNX. Acrospire Investment Management LLC acquired a new stake in shares of Xilinx during the 2nd quarter worth about $103,000. TrimTabs Asset Management LLC lifted its stake in shares of Xilinx by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of Xilinx by 22,475.0% during the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after buying an additional 1,798 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Xilinx by 9,866.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Xilinx by 217.1% during the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.
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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