Xilinx, Inc. (NASDAQ:XLNX) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.37 per share by the programmable devices maker on Tuesday, December 3rd. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, November 8th.
Shares of XLNX traded up $1.39 during mid-day trading on Friday, hitting $92.13. 137,919 shares of the company traded hands, compared to its average volume of 3,647,195. The company has a debt-to-equity ratio of 0.46, a quick ratio of 5.78 and a current ratio of 6.44. The stock has a 50-day moving average price of $96.25 and a two-hundred day moving average price of $108.85. Xilinx has a 1 year low of $79.22 and a 1 year high of $141.60. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.29 and a beta of 1.25.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The business had revenue of $833.00 million during the quarter, compared to analysts’ expectations of $823.63 million. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that Xilinx will post 3.35 EPS for the current year.
In related news, Director Marshall C. Turner sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $107.82, for a total value of $323,460.00. Following the transaction, the director now owns 44,690 shares of the company’s stock, valued at approximately $4,818,475.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Emre Onder sold 1,337 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total transaction of $129,408.23. Following the transaction, the senior vice president now owns 4,340 shares in the company, valued at $420,068.60. The disclosure for this sale can be found here. In the last three months, insiders sold 18,826 shares of company stock worth $1,941,768. Insiders own 0.19% of the company’s stock.
A number of equities analysts have weighed in on XLNX shares. Benchmark started coverage on shares of Xilinx in a research report on Tuesday, July 23rd. They issued a “hold” rating for the company. SunTrust Banks dropped their target price on shares of Xilinx to $94.00 and set a “neutral” rating for the company in a research report on Thursday, October 24th. Barclays dropped their target price on shares of Xilinx from $100.00 to $91.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Rosenblatt Securities restated a “buy” rating and set a $165.00 target price on shares of Xilinx in a research report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $113.26.
Xilinx declared that its board has authorized a share buyback program on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the programmable devices maker to repurchase up to 4.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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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