Xilinx (XLNX) Shares Gap Up to $76.11

Xilinx, Inc. (NASDAQ:XLNX) shares gapped up before the market opened on Thursday . The stock had previously closed at $72.97, but opened at $76.11. Xilinx shares last traded at $77.34, with a volume of 2324305 shares changing hands.

A number of research firms recently issued reports on XLNX. Robert W. Baird upgraded shares of Xilinx from a “neutral” rating to an “outperform” rating and raised their target price for the company from $71.00 to $90.00 in a research note on Tuesday, August 28th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Friday, July 27th. Morgan Stanley raised their target price on shares of Xilinx from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Xilinx from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 23rd. Finally, Deutsche Bank raised their target price on shares of Xilinx from $69.00 to $71.00 and gave the company a “hold” rating in a research note on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $78.47.

The company has a current ratio of 4.38, a quick ratio of 4.11 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $19.25 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.66 and a beta of 1.03.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $684.00 million for the quarter, compared to analyst estimates of $674.46 million. Xilinx had a net margin of 20.52% and a return on equity of 31.63%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. equities research analysts forecast that Xilinx, Inc. will post 3.01 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $1.44 annualized dividend and a yield of 1.86%. Xilinx’s dividend payout ratio is 50.88%.

In other Xilinx news, SVP Salil Raje sold 3,500 shares of the firm’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $67.89, for a total value of $237,615.00. Following the sale, the senior vice president now directly owns 16,712 shares in the company, valued at approximately $1,134,577.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William Christopher Madden sold 4,273 shares of the firm’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $67.31, for a total transaction of $287,615.63. Following the completion of the sale, the senior vice president now owns 7,101 shares in the company, valued at $477,968.31. The disclosure for this sale can be found here. Insiders sold a total of 22,209 shares of company stock worth $1,560,102 over the last 90 days. Company insiders own 0.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Squar Milner Financial Services LLC acquired a new stake in shares of Xilinx during the 2nd quarter valued at about $105,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Xilinx during the 2nd quarter valued at about $123,000. ClariVest Asset Management LLC acquired a new stake in shares of Xilinx during the 2nd quarter valued at about $149,000. Moneta Group Investment Advisors LLC boosted its position in shares of Xilinx by 3,935.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 42,981 shares of the programmable devices maker’s stock valued at $179,000 after acquiring an additional 41,916 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Xilinx during the 2nd quarter valued at about $187,000. Institutional investors own 87.43% of the company’s stock.

Xilinx Company Profile (NASDAQ:XLNX)

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

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