Xilinx, Inc. (NASDAQ:XLNX) has been given a consensus recommendation of “Hold” by the twenty-five research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $69.44.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Friday. Robert W. Baird reaffirmed a “hold” rating and set a $68.00 price target on shares of Xilinx in a report on Friday. Barclays PLC lifted their price target on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday. Deutsche Bank AG boosted their target price on shares of Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday. Finally, BMO Capital Markets reissued a “buy” rating and issued a $80.00 target price on shares of Xilinx in a report on Wednesday, October 18th.
Xilinx (NASDAQ:XLNX) traded up 3.02% during mid-day trading on Thursday, reaching $72.76. 2,875,299 shares of the company were exchanged. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of 31.09 and a beta of 1.10. The stock has a 50 day moving average of $70.35 and a 200-day moving average of $65.65. Xilinx has a one year low of $49.78 and a one year high of $73.32.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 27.04% and a return on equity of 26.75%. The business had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts expect that Xilinx will post $2.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, November 14th. Xilinx’s dividend payout ratio is currently 59.07%.
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In other news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the sale, the insider now directly owns 12,387 shares of the company’s stock, valued at $785,088.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the sale, the senior vice president now directly owns 41,869 shares of the company’s stock, valued at $2,602,995.73. The disclosure for this sale can be found here. Insiders have sold 209,330 shares of company stock valued at $14,598,104 over the last three months. Insiders own 0.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Dearborn Partners LLC lifted its stake in Xilinx by 2.3% in the second quarter. Dearborn Partners LLC now owns 336,588 shares of the programmable devices maker’s stock worth $21,649,000 after acquiring an additional 7,493 shares during the period. Principal Financial Group Inc. lifted its stake in Xilinx by 1.9% in the second quarter. Principal Financial Group Inc. now owns 398,503 shares of the programmable devices maker’s stock worth $25,632,000 after acquiring an additional 7,486 shares during the period. Delta Lloyd Asset Management N.V. purchased a new stake in Xilinx in the second quarter worth about $2,376,000. KBC Group NV lifted its stake in Xilinx by 31.2% in the second quarter. KBC Group NV now owns 30,949 shares of the programmable devices maker’s stock worth $1,991,000 after acquiring an additional 7,359 shares during the period. Finally, Atlantic Trust Group LLC purchased a new stake in Xilinx in the second quarter worth about $6,328,000. 97.28% of the stock is owned by institutional investors.
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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