Shares of Xilinx, Inc. (NASDAQ:XLNX) have earned a consensus rating of “Buy” from the twenty-five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $82.38.
XLNX has been the subject of a number of research analyst reports. BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. William Blair initiated coverage on Xilinx in a research note on Friday, October 26th. They issued a “market perform” rating for the company. Cowen initiated coverage on Xilinx in a research note on Friday, September 7th. They issued a “market perform” rating and a $81.00 price target for the company. KeyCorp raised their price target on Xilinx from $80.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd.
XLNX stock traded down $0.68 on Monday, reaching $85.64. The company’s stock had a trading volume of 2,518,604 shares, compared to its average volume of 3,791,326. Xilinx has a 12-month low of $62.27 and a 12-month high of $88.20. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.73 and a beta of 0.86. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, November 9th. Xilinx’s dividend payout ratio is currently 50.88%.
In other news, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the transaction, the vice president now owns 10,271 shares of the company’s stock, valued at approximately $753,583.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Lorenzo Flores sold 7,500 shares of Xilinx stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total value of $534,975.00. Following the completion of the transaction, the chief financial officer now directly owns 34,381 shares of the company’s stock, valued at approximately $2,452,396.73. The disclosure for this sale can be found here. Insiders have sold 51,234 shares of company stock valued at $4,195,333 in the last three months. Insiders own 0.16% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Winslow Capital Management LLC raised its position in shares of Xilinx by 759,502.2% in the 3rd quarter. Winslow Capital Management LLC now owns 3,790,415 shares of the programmable devices maker’s stock worth $303,878,000 after purchasing an additional 3,789,916 shares during the last quarter. Dean Capital Investments Management LLC purchased a new position in shares of Xilinx in the 3rd quarter worth about $279,000. Trexquant Investment LP raised its position in shares of Xilinx by 461.4% in the 3rd quarter. Trexquant Investment LP now owns 61,780 shares of the programmable devices maker’s stock worth $4,953,000 after purchasing an additional 50,776 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Xilinx by 51.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 317,976 shares of the programmable devices maker’s stock worth $25,492,000 after purchasing an additional 107,860 shares during the last quarter. Finally, Gratus Capital LLC raised its position in shares of Xilinx by 2.6% in the 3rd quarter. Gratus Capital LLC now owns 89,713 shares of the programmable devices maker’s stock worth $7,192,000 after purchasing an additional 2,262 shares during the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
Xilinx Company Profile
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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