Xilinx, Inc. (NASDAQ:XLNX) declared a quarterly dividend on Wednesday, October 25th, Zacks reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.35 per share by the programmable devices maker on Wednesday, December 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, November 14th.
Xilinx has increased its dividend payment by an average of 10.3% per year over the last three years and has raised its dividend every year for the last 6 years. Xilinx has a dividend payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Xilinx to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 49.1%.
Xilinx (NASDAQ XLNX) opened at $72.88 on Friday. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. Xilinx has a 1-year low of $52.54 and a 1-year high of $75.14. The stock has a market capitalization of $18,128.84, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same quarter last year, the business earned $0.61 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts expect that Xilinx will post 2.59 EPS for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Xilinx from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird reiterated a “hold” rating and set a $68.00 price objective on shares of Xilinx in a report on Friday, October 27th. Vetr upgraded Xilinx from a “buy” rating to a “strong-buy” rating and set a $70.95 price objective on the stock in a report on Tuesday, August 1st. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Xilinx in a report on Wednesday, October 4th. Finally, Barclays PLC lifted their price objective on Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Xilinx currently has an average rating of “Hold” and a consensus target price of $69.73.
In other Xilinx news, Director Elizabeth W. Vanderslice sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total transaction of $180,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Moshe Gavrielov sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total value of $1,744,000.00. Following the transaction, the chief executive officer now directly owns 270,856 shares in the company, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. In the last three months, insiders sold 213,127 shares of company stock worth $15,135,685. 0.40% of the stock is owned by insiders.
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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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