Insider Selling: Moshe Gavrielov Sells 102,390 Shares of Xilinx Stock (XLNX)
Xilinx (NASDAQ:XLNX) CEO Moshe Gavrielov unloaded 102,390 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $48.60, for a total transaction of $4,976,154.00. Following the sale, the chief executive officer now directly owns 95,850 shares of the company’s stock, valued at approximately $4,658,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on XLNX shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Xilinx in a research note to investors on Wednesday. They now have a $52.00 price target on the stock. Separately, 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. Finally, 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. Twelve 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 stock. Xilinx currently has a consensus rating of “Buy” and a consensus target price of $48.46.
Shares of Xilinx (NASDAQ:XLNX) traded down 1.21% during mid-day trading on Thursday, hitting $48.03. The stock had a trading volume of 8,995,490 shares. Xilinx has a 52-week low of $34.98 and a 52-week high of $48.91. The stock has a 50-day moving average of $45.39 and a 200-day moving average of $45.27. The company has a market cap of $12.887 billion and a price-to-earnings ratio of 25.40. Xilinx also saw some unusual options trading activity on Tuesday. Stock traders purchased 7,237 put options on the stock. This represents an increase of approximately 292% compared to the typical volume of 1,848 put options.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Tuesday, January 21st. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Xilinx’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that Xilinx will post $2.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 27th. Investors of record on Thursday, February 6th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, February 4th.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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