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Equities researchers at Topeka Capital Markets hoisted their target price on shares of Xilinx (NASDAQ:XLNX) from $46.00 to $49.00 in a research report issued on Thursday, Analyst Ratings Network.com reports. Topeka Capital Markets’ price target suggests a potential upside of 0.02% from the stock’s previous close.

XLNX has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Xilinx from $50.00 to $52.00 in a research note on Thursday. Separately, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $49.00.

In other Xilinx news, CFO Jon Olson sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $45.37, for a total transaction of $4,083,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data 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.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 4th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, May 12th. This is an increase from Xilinx’s previous quarterly dividend of $0.25.

Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.

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