Xilinx Inc. Plans Quarterly Dividend of $0.25 (XLNX)
Xilinx (NASDAQ:XLNX) announced a quarterly dividend on Tuesday, January 21st, ARN reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.25 per share on Thursday, February 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.10%.
XLNX has been the subject of a number of recent research reports. Analysts at Barclays upgraded shares of Xilinx from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, January 15th. They now have a $54.00 price target on the stock, up previously from $44.00. On the ratings front, analysts at Goldman Sachs Group Inc. upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $52.00 price target on the stock, up previously from $45.00. Finally, analysts at Drexel Hamilton upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 23rd. They now have a $50.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.30.
Xilinx (NASDAQ:XLNX) traded up 0.68% during mid-day trading on Tuesday, hitting $47.54. 3,763,366 shares of the company’s stock traded hands. Xilinx has a 52 week low of $34.98 and a 52 week high of $48.12. The stock has a 50-day moving average of $45.03 and a 200-day moving average of $45.09. The company has a market cap of $12.756 billion and a price-to-earnings ratio of 24.67. Xilinx also was the target of some unusual options trading activity on Tuesday. Traders purchased 7,237 put options on the stock. This represents an increase of approximately 292% compared to the average volume of 1,848 put options.
Xilinx (NASDAQ:XLNX) last released its earnings data on Tuesday, January 21st. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $600.61 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Xilinx will post $2.18 earnings per share for the current fiscal year.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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