Xilinx SVP Vincent Tong Unloads 20,000 Shares (XLNX)
Xilinx (NASDAQ:XLNX) SVP Vincent Tong sold 20,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $51.44, for a total transaction of $1,028,800.00. Following the completion of the sale, the senior vice president now directly owns 38,578 shares in the company, valued at approximately $1,984,452. The sale was disclosed in a document filed with the SEC, which is available at this link.
Xilinx (NASDAQ:XLNX) traded up 1.04% during mid-day trading on Monday, hitting $51.34. The stock had a trading volume of 3,907,405 shares. Xilinx has a one year low of $34.98 and a one year high of $51.90. The stock’s 50-day moving average is $47.32 and its 200-day moving average is $45.76. The company has a market cap of $13.700 billion and a P/E ratio of 23.72.
Xilinx (NASDAQ:XLNX) last announced its earnings results 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that Xilinx will post $2.22 earnings per share for the current fiscal year.
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 2.26%. The ex-dividend date is Monday, May 12th. This is an increase from Xilinx’s previous quarterly dividend of $0.25.
A number of research firms have recently commented on XLNX. Analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday. They now have a $53.00 price target on the stock. Separately, 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, February 13th. Finally, 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, February 13th. Eleven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.33.
Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.
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