Xilinx Inc. (NASDAQ:XLNX) announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Thursday, August 11th will be paid a dividend of 0.33 per share by the programmable devices maker on Wednesday, August 24th. This represents a $1.32 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, August 9th.
In related news, SVP Scott Hover-Smoot sold 45,000 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $44.08, for a total transaction of $1,983,600.00. Following the completion of the transaction, the senior vice president now owns 76,418 shares in the company, valued at $3,368,505.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth W. Vanderslice sold 12,000 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the director now owns 30,552 shares of the company’s stock, valued at approximately $1,364,146.80. The disclosure for this sale can be found here.
A number of research firms have recently commented on XLNX. Citigroup Inc. upped their target price on Xilinx from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 target price on shares of Xilinx in a research note on Thursday. Morgan Stanley upped their target price on Xilinx from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday. MKM Partners cut their target price on Xilinx from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, April 28th. Finally, Zacks Investment Research raised Xilinx from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Xilinx presently has a consensus rating of “Hold” and an average price target of $49.13.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business earned $574.90 million during the quarter, compared to analyst estimates of $571.06 million. During the same quarter last year, the firm earned $0.55 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts expect that Xilinx will post $2.14 earnings per share for the current year.
Xilinx, Inc (Xilinx) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores.
