Xilinx Director John L. Doyle Sells 4,000 Shares (XLNX)
Xilinx (NASDAQ:XLNX) Director John L. Doyle unloaded 4,000 shares of Xilinx stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $42.26, for a total transaction of $169,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Xilinx (NASDAQ:XLNX) traded up 2.50% during mid-day trading on Wednesday, hitting $43.05. 4,723,168 shares of the company’s stock traded hands. Xilinx has a one year low of $39.12 and a one year high of $55.59. The stock has a 50-day moving average of $42.59 and a 200-day moving average of $47.76. The company has a market cap of $11.558 billion and a price-to-earnings ratio of 18.67.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $612.60 million for the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that Xilinx will post $2.39 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Xilinx from $52.00 to $47.00 in a research note on Friday, August 8th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday, July 25th. They now have a $43.00 price target on the stock. Finally, analysts at Argus upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Xilinx currently has an average rating of “Hold” and an average target price of $49.95.
Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.
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