Xilinx, Inc. (XLNX) Insider Krishna Rangasayee Sells 15,000 Shares

Xilinx, Inc. (NASDAQ:XLNX) insider Krishna Rangasayee sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $64.89, for a total transaction of $973,350.00. Following the transaction, the insider now owns 15,555 shares of the company’s stock, valued at approximately $1,009,363.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Xilinx, Inc. (NASDAQ:XLNX) traded up 1.66% on Friday, hitting $66.70. 1,737,635 shares of the company traded hands. The firm has a market capitalization of $16.54 billion, a PE ratio of 28.75 and a beta of 1.15. The firm’s 50 day moving average price is $60.40 and its 200 day moving average price is $58.02. Xilinx, Inc. has a 1-year low of $43.50 and a 1-year high of $66.90.

Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $609.50 million during the quarter, compared to analyst estimates of $605.25 million. Xilinx had a return on equity of 23.89% and a net margin of 26.58%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Equities research analysts predict that Xilinx, Inc. will post $2.48 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Tuesday, May 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.13%. This is a positive change from Xilinx’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 12th. Xilinx’s payout ratio is presently 57.89%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in XLNX. Wealthsource Partners LLC acquired a new position in shares of Xilinx during the third quarter valued at about $293,000. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Xilinx by 1.1% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,590 shares of the programmable devices maker’s stock valued at $4,162,000 after buying an additional 800 shares in the last quarter. Quantitative Investment Management LLC raised its position in shares of Xilinx by 8.9% in the third quarter. Quantitative Investment Management LLC now owns 113,500 shares of the programmable devices maker’s stock valued at $6,167,000 after buying an additional 9,300 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Xilinx by 12.2% in the third quarter. OLD National Bancorp IN now owns 28,044 shares of the programmable devices maker’s stock valued at $1,524,000 after buying an additional 3,056 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its position in shares of Xilinx by 3,571.4% in the third quarter. Hussman Strategic Advisors Inc. now owns 77,100 shares of the programmable devices maker’s stock valued at $4,190,000 after buying an additional 75,000 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

XLNX has been the subject of several research reports. Deutsche Bank AG lifted their price target on shares of Xilinx from $49.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, January 24th. Credit Suisse Group AG lifted their price target on shares of Xilinx from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, January 26th. Jefferies Group LLC lifted their price target on shares of Xilinx from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, January 26th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Xilinx in a research report on Thursday, January 26th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $60.33.

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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