Stock Traders Purchase Large Volume of Call Options on Xilinx (NASDAQ:XLNX)

Xilinx, Inc. (NASDAQ:XLNX) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 14,114 call options on the company. This represents an increase of 130% compared to the average daily volume of 6,136 call options.

XLNX has been the topic of a number of recent research reports. ValuEngine cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group lifted their price target on shares of Xilinx from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Cowen lifted their price target on shares of Xilinx from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Tuesday. Zacks Investment Research raised shares of Xilinx from a “sell” rating to a “hold” rating and set a $92.00 price target on the stock in a research report on Saturday, May 23rd. Finally, SunTrust Banks lifted their price target on shares of Xilinx from $82.00 to $93.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Xilinx presently has an average rating of “Hold” and an average price target of $98.30.

In related news, VP Catia Hagopian sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $90.41, for a total value of $108,492.00. Following the completion of the sale, the vice president now directly owns 15,770 shares in the company, valued at $1,425,765.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark Wadlington sold 2,236 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $84.57, for a total transaction of $189,098.52. Following the completion of the sale, the senior vice president now owns 3,959 shares of the company’s stock, valued at $334,812.63. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Xilinx by 3.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 71,825 shares of the programmable devices maker’s stock valued at $5,598,000 after purchasing an additional 2,709 shares during the period. Great Lakes Retirement Inc. acquired a new position in Xilinx in the first quarter worth approximately $549,000. Optimal Asset Management Inc. increased its holdings in Xilinx by 178.7% in the first quarter. Optimal Asset Management Inc. now owns 62,474 shares of the programmable devices maker’s stock worth $4,869,000 after buying an additional 40,056 shares during the last quarter. Tredje AP fonden increased its holdings in Xilinx by 19.7% in the first quarter. Tredje AP fonden now owns 18,422 shares of the programmable devices maker’s stock worth $1,436,000 after buying an additional 3,034 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in Xilinx by 12.6% in the first quarter. Coldstream Capital Management Inc. now owns 11,110 shares of the programmable devices maker’s stock worth $866,000 after buying an additional 1,246 shares during the last quarter. Institutional investors own 82.60% of the company’s stock.

Shares of XLNX traded up $6.28 during trading hours on Tuesday, reaching $98.24. The company’s stock had a trading volume of 4,025,816 shares, compared to its average volume of 2,618,134. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 3.73 and a beta of 0.98. Xilinx has a 1-year low of $67.68 and a 1-year high of $133.00. The company has a quick ratio of 2.40, a current ratio of 2.68 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $90.72 and a two-hundred day moving average of $89.01.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, April 22nd. The programmable devices maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $751.53 million. Xilinx had a return on equity of 33.25% and a net margin of 25.07%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. As a group, analysts forecast that Xilinx will post 2.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were issued a $0.38 dividend. This is an increase from Xilinx’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.55%. Xilinx’s dividend payout ratio is currently 45.37%.

About Xilinx

Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.

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