Xilinx, Inc. (NASDAQ:XLNX)’s stock price traded down 5.3% on Friday . The company traded as low as $120.47 and last traded at $120.77, 5,795,978 shares were traded during mid-day trading. An increase of 46% from the average session volume of 3,964,798 shares. The stock had previously closed at $127.59.
A number of analysts recently weighed in on the stock. Barclays reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Cypress Semiconductor in a research note on Thursday, June 6th. Mizuho upped their price objective on shares of Facebook from $230.00 to $247.00 and gave the stock a “buy” rating in a research note on Thursday. Goldman Sachs Group reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research note on Thursday, April 25th. Bank of America lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Cowen upped their price objective on shares of ServiceNow from $260.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $118.32.
The stock has a market capitalization of $30.31 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.82 and a beta of 1.27. The firm’s 50-day moving average price is $116.07. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The business had revenue of $849.60 million during the quarter, compared to analyst estimates of $849.76 million. Xilinx had a net margin of 29.19% and a return on equity of 35.87%. The company’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. As a group, research analysts forecast that Xilinx, Inc. will post 3.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, August 6th. Xilinx’s payout ratio is currently 42.53%.
In related news, Director Elizabeth W. Vanderslice sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $101.50, for a total value of $203,000.00. Following the completion of the transaction, the director now directly owns 29,483 shares of the company’s stock, valued at approximately $2,992,524.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Christopher Madden sold 435 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $105.69, for a total transaction of $45,975.15. Following the completion of the transaction, the executive vice president now directly owns 4,809 shares of the company’s stock, valued at $508,263.21. The disclosure for this sale can be found here. Insiders sold a total of 12,599 shares of company stock valued at $1,385,314 over the last ninety days. 0.19% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in XLNX. BlackRock Inc. increased its holdings in Xilinx by 12.2% in the 1st quarter. BlackRock Inc. now owns 21,137,464 shares of the programmable devices maker’s stock worth $2,680,020,000 after buying an additional 2,294,950 shares during the period. FMR LLC increased its holdings in Xilinx by 67.6% in the 1st quarter. FMR LLC now owns 7,672,404 shares of the programmable devices maker’s stock worth $972,785,000 after buying an additional 3,093,316 shares during the period. Geode Capital Management LLC increased its holdings in Xilinx by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock worth $330,672,000 after buying an additional 453,619 shares during the period. Norges Bank acquired a new position in Xilinx in the 4th quarter worth approximately $210,563,000. Finally, Nordea Investment Management AB increased its holdings in Xilinx by 22.3% in the 1st quarter. Nordea Investment Management AB now owns 1,526,367 shares of the programmable devices maker’s stock worth $193,527,000 after buying an additional 278,192 shares during the period. 84.90% of the stock is owned by hedge funds and other institutional investors.
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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