Xilinx, Inc. (NASDAQ:XLNX) insider Steven L. Glaser sold 15,788 shares of Xilinx stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the sale, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Xilinx, Inc. (NASDAQ:XLNX) traded down 0.49% during midday trading on Friday, hitting $61.02. The stock had a trading volume of 1,686,112 shares. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 26.08 and a beta of 1.09. The company has a 50-day moving average price of $64.24 and a 200-day moving average price of $62.10. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $68.68.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $615.69 million. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 annualized dividend and a yield of 2.29%. Xilinx’s dividend payout ratio is currently 60.09%.
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Several analysts recently issued reports on XLNX shares. BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a report on Saturday. Vetr lowered shares of Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 price objective on the stock. in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, August 1st. Credit Suisse Group set a $75.00 price target on shares of Xilinx and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC set a $65.00 price target on shares of Xilinx and gave the stock a “hold” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.57.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Management Corp IL purchased a new position in shares of Xilinx during the first quarter valued at approximately $579,000. Glaxis Capital Management LLC bought a new stake in Xilinx during the first quarter worth $1,243,000. Quantitative Systematic Strategies LLC bought a new stake in Xilinx during the first quarter worth $269,000. DnB Asset Management AS boosted its stake in Xilinx by 19.2% in the first quarter. DnB Asset Management AS now owns 27,966 shares of the programmable devices maker’s stock worth $1,619,000 after buying an additional 4,500 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in Xilinx by 4.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 109,210 shares of the programmable devices maker’s stock worth $6,322,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.
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.
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