Xilinx Sees Unusually High Options Volume (XLNX)
Xilinx (NASDAQ:XLNX) was the target of some unusual options trading on Wednesday. Traders acquired 16,891 call options on the company, StockRatingsNetwork.com reports. This is an increase of approximately 341% compared to the average daily volume of 3,831 call options.
In other Xilinx news, CFO Jon Olson sold 90,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $45.37, for a total value of $4,083,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
XLNX has been the subject of a number of recent research reports. Analysts at MKM Partners initiated coverage on shares of Xilinx in a research note on Tuesday. They set a “buy” rating and a $54.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Monday, January 27th. They now have a $49.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Xilinx in a research note on Wednesday, January 22nd. They now have a $52.00 price target on the stock. Twelve analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Xilinx has a consensus rating of “Buy” and a consensus target price of $48.76.
Shares of Xilinx (NASDAQ:XLNX) traded up 1.96% during mid-day trading on Wednesday, hitting $48.90. The stock had a trading volume of 7,500,201 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 $46.21 and a 200-day moving average of $45.51. The company has a market cap of $13.049 billion and a price-to-earnings ratio of 22.39.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Xilinx will post $2.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from Xilinx’s previous quarterly dividend of $0.25.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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