Xilinx (XLNX) Hits New 12-Month High at $117.33

Shares of Xilinx, Inc. (NASDAQ:XLNX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $117.33 and last traded at $118.43, with a volume of 139237 shares changing hands. The stock had previously closed at $114.90.

Several analysts have issued reports on XLNX shares. Argus raised Xilinx to a “buy” rating in a research report on Wednesday, January 9th. Susquehanna Bancshares raised Xilinx from a “neutral” rating to a “positive” rating and increased their target price for the company from $82.00 to $85.00 in a research report on Tuesday, November 13th. SunTrust Banks increased their target price on Xilinx to $102.00 and gave the company a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research cut Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, ValuEngine raised Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $96.17.

The company has a quick ratio of 4.08, a current ratio of 4.38 and a debt-to-equity ratio of 0.46. The firm has a market cap of $29.51 billion, a P/E ratio of 41.85, a price-to-earnings-growth ratio of 2.73 and a beta of 1.19.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 23rd. The programmable devices maker reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The firm had revenue of $800.00 million during the quarter, compared to analyst estimates of $770.65 million. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. As a group, analysts expect that Xilinx, Inc. will post 3.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Stockholders of record on Wednesday, February 6th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, February 5th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. Xilinx’s dividend payout ratio is presently 50.88%.

Hedge funds have recently modified their holdings of the stock. Thompson Investment Management Inc. purchased a new position in Xilinx in the 4th quarter worth $204,000. Robecosam AG raised its stake in Xilinx by 0.9% in the 4th quarter. Robecosam AG now owns 1,137,000 shares of the programmable devices maker’s stock worth $95,895,000 after acquiring an additional 10,000 shares during the last quarter. Hall Laurie J Trustee raised its stake in Xilinx by 4.9% in the 3rd quarter. Hall Laurie J Trustee now owns 29,835 shares of the programmable devices maker’s stock worth $2,392,000 after acquiring an additional 1,400 shares during the last quarter. Alliancebernstein L.P. raised its stake in Xilinx by 8.8% in the 3rd quarter. Alliancebernstein L.P. now owns 8,916,616 shares of the programmable devices maker’s stock worth $714,845,000 after acquiring an additional 720,829 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in Xilinx by 12.5% in the 3rd quarter. Norinchukin Bank The now owns 33,900 shares of the programmable devices maker’s stock worth $2,718,000 after acquiring an additional 3,769 shares during the last quarter. Institutional investors own 91.27% of the company’s stock.

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About Xilinx (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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