Xilinx, Inc. (NASDAQ:XLNX) CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total value of $1,744,000.00. Following the completion of the transaction, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at approximately $18,894,914.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Xilinx, Inc. (XLNX) opened at 69.49 on Thursday. 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 price is $64.29 and its 200-day moving average price is $63.15. The firm has a market capitalization of $17.28 billion, a PE ratio of 29.70 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company 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 company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities analysts anticipate that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC bought a new position in shares of Xilinx in the second quarter valued at approximately $103,000. Sun Life Financial INC raised its stake in shares of Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after acquiring an additional 1,798 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after acquiring an additional 936 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after acquiring an additional 2,664 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after acquiring an additional 1,913 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.
XLNX has been the subject of a number of analyst reports. Credit Suisse Group set a $75.00 price target on Xilinx and gave the company a “buy” rating in a report on Thursday, July 27th. Barclays PLC set a $65.00 price target on Xilinx and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded Xilinx from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Instinet increased their price target on Xilinx from $45.00 to $50.00 and gave the company a “reduce” rating in a report on Wednesday, May 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $72.00 price target on shares of Xilinx in a report on Monday, June 12th. Three 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. Xilinx currently has an average rating of “Hold” and a consensus price target of $64.57.
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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