Xilinx (NASDAQ:XLNX) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.66-0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. The company issued revenue guidance of $660-690 million, compared to the consensus revenue estimate of $661.89 million.
Several equities analysts have recently weighed in on the stock. Barclays reissued a hold rating and issued a $70.00 price target on shares of Xilinx in a research note on Friday, January 19th. BidaskClub raised shares of Xilinx from a sell rating to a hold rating in a research note on Thursday, March 15th. KeyCorp reissued an overweight rating and issued a $87.00 price target (up from $78.00) on shares of Xilinx in a research note on Tuesday, January 23rd. Argus raised their price target on shares of Xilinx to $85.00 and gave the stock a buy rating in a research note on Tuesday, January 9th. Finally, Bank of America lifted their target price on shares of Xilinx from $61.00 to $70.00 and gave the stock an underperform rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $74.16.
Shares of Xilinx stock traded down $0.39 on Wednesday, reaching $63.64. The company had a trading volume of 4,751,702 shares, compared to its average volume of 2,878,519. The company has a market capitalization of $16,234.28, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.36 and a beta of 1.09. Xilinx has a 52-week low of $59.84 and a 52-week high of $78.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Tuesday, May 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Xilinx’s previous quarterly dividend of $0.35. Xilinx’s payout ratio is 60.34%.
In other news, insider Vincent Tong sold 19,687 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $73.52, for a total value of $1,447,388.24. Following the sale, the insider now directly owns 55,403 shares of the company’s stock, valued at approximately $4,073,228.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott Hover-Smoot sold 4,300 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the completion of the sale, the senior vice president now directly owns 37,569 shares in the company, valued at $2,694,448.68. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
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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; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).
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