Insider Selling: Xilinx Director Sells 12,000 Shares of Stock (XLNX)
Xilinx (NASDAQ:XLNX) Director John Doyle unloaded 12,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $45.01, for a total value of $540,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Drexel Hamilton initiated coverage on shares of Xilinx in a research note to investors on Monday. They set a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Xilinx from $47.00 to $49.00 in a research note to investors on Thursday, October 17th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Xilinx from $47.00 to $46.00 in a research note to investors on Thursday, October 17th. They now have a “hold” rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.52.
Shares of Xilinx (NASDAQ:XLNX) traded down 0.42% during mid-day trading on Friday, hitting $44.64. The stock had a trading volume of 2,749,573 shares. Xilinx has a 52-week low of $32.12 and a 52-week high of $47.33. The stock has a 50-day moving average of $45.38 and a 200-day moving average of $40.63. The company has a market cap of $11.985 billion and a price-to-earnings ratio of 23.42.
Xilinx (NASDAQ:XLNX) last released its earnings data on Wednesday, October 16th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $598.94 million for the quarter, compared to the consensus estimate of $588.28 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Monday, November 4th.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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