Stock Traders Purchase High Volume of Xilinx Put Options (XLNX)
Xilinx (NASDAQ:XLNX) saw some unusual options trading activity on Monday. Traders acquired 6,775 put options on the stock, AnalystRatingsNetwork reports. This represents an increase of 901% compared to the average volume of 677 put options.
In other Xilinx news, VP Frank Tornaghi sold 16,858 shares of the stock on the open market in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $48.00, for a total transaction of $809,184.00. Following the completion of the sale, the vice president now directly owns 4,352 shares of the company’s stock, valued at approximately $208,896. The sale was disclosed in a filing with the SEC, which is available at this link.
XLNX has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Xilinx (NASDAQ:XLNX) from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, August 16th. Separately, analysts at Zacks upgraded shares of Xilinx (NASDAQ:XLNX) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 8th. They now have a $55.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Xilinx (NASDAQ:XLNX) from $42.00 to $48.00 in a research note to investors on Friday, July 19th. They now have an “outperform” rating on the stock.
Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Xilinx currently has an average rating of “Hold” and an average target price of $43.28.
Xilinx (NASDAQ:XLNX) traded down 1.10% during mid-day trading on Monday, hitting $46.60. The stock had a trading volume of 3,108,256 shares. Xilinx has a 52 week low of $32.12 and a 52 week high of $48.12. The stock has a 50-day moving average of $45. and a 200-day moving average of $41.01. The company has a market cap of $12.409 billion and a P/E ratio of 25.02.
Xilinx (NASDAQ:XLNX) last released its earnings data on Wednesday, July 17th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.09. The company had revenue of $579.00 million for the quarter, compared to the consensus estimate of $549.32 million. During the same quarter last year, the company posted $0.47 earnings per share. Xilinx’s revenue was down .7% compared to the same quarter last year. Analysts expect that Xilinx will post $2.22 EPS for the current fiscal year.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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