Xilinx Director John Michael Patterson Sells 20,000 Shares (XLNX)
Xilinx (NASDAQ:XLNX) Director John Michael Patterson sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $49.54, for a total transaction of $990,800.00. Following the completion of the sale, the director now directly owns 8,400 shares in the company, valued at approximately $416,136. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Xilinx (NASDAQ:XLNX) traded down 0.18% on Friday, hitting $49.89. 3,802,916 shares of the company’s stock traded hands. Xilinx has a one year low of $34.98 and a one year high of $49.99. The stock’s 50-day moving average is $46.57 and its 200-day moving average is $45.60. The company has a market cap of $13.313 billion and a price-to-earnings ratio of 23.33. Xilinx also was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 16,723,692 shares, an increase of 28.9% from the January 15th total of 12,971,534 shares. Based on an average daily volume of 5,511,641 shares, the short-interest ratio is currently 3.0 days. Approximately 6.3% of the company’s shares are sold short.
Xilinx (NASDAQ:XLNX) last released its 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. 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 2.33%. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from Xilinx’s previous quarterly dividend of $0.25.
A number of research firms have recently commented on XLNX. Analysts at Topeka Capital Markets raised their price target on shares of Xilinx from $46.00 to $49.00 in a research note on Thursday. Separately, 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. Finally, 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. Eleven 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.00.
Xilinx, Inc (NASDAQ:XLNX) designs, develops and markets programmable platforms.
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