Moshe Gavrielov Sells 25,000 Shares of Xilinx, Inc. (XLNX) Stock
Xilinx, Inc. (NASDAQ:XLNX) CEO Moshe Gavrielov sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the sale, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at approximately $18,894,914.56. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Xilinx, Inc. (NASDAQ XLNX) traded up 0.17% on Tuesday, hitting $69.82. 2,385,536 shares of the company traded hands. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $70.33. The firm has a market capitalization of $17.36 billion, a P/E ratio of 29.84 and a beta of 1.08. The firm’s 50-day moving average is $64.29 and its 200 day moving average is $63.15.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, analysts anticipate that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.01%. Xilinx’s payout ratio is currently 60.09%.
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XLNX has been the subject of a number of research reports. Credit Suisse Group set a $75.00 price objective on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Barclays PLC set a $65.00 price target on shares of Xilinx and gave the company a “hold” rating in a report on Thursday, July 27th. Instinet upped their price target on shares of Xilinx from $45.00 to $50.00 and gave the company a “reduce” rating in a report on Wednesday, May 24th. BidaskClub lowered shares of Xilinx from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $72.00 price target on shares of Xilinx in a report on Monday, June 12th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.57.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Xilinx by 2.4% in the second quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock valued at $1,779,622,000 after acquiring an additional 638,165 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Xilinx by 3.8% in the first quarter. Alliancebernstein L.P. now owns 9,879,067 shares of the programmable devices maker’s stock valued at $571,899,000 after acquiring an additional 358,064 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Xilinx by 743.4% in the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after acquiring an additional 6,423,813 shares in the last quarter. Janus Capital Management LLC raised its holdings in shares of Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after acquiring an additional 764,384 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Xilinx by 9.8% in the first quarter. Clearbridge Investments LLC now owns 4,647,433 shares of the programmable devices maker’s stock valued at $269,040,000 after acquiring an additional 413,912 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.
Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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