Xilinx, Inc. Announces Quarterly Dividend of $0.37 (NASDAQ:XLNX)

Xilinx, Inc. (NASDAQ:XLNX) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.37 per share by the programmable devices maker on Tuesday, December 3rd. This represents a $1.48 annualized dividend and a yield of 1.58%.

NASDAQ XLNX traded down $2.15 on Wednesday, hitting $93.83. 6,069,154 shares of the stock traded hands, compared to its average volume of 3,773,938. The stock has a 50-day moving average of $98.26 and a 200 day moving average of $110.50. Xilinx has a twelve month low of $68.76 and a twelve month high of $141.60. The company has a market capitalization of $24.01 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25. The company has a current ratio of 7.22, a quick ratio of 6.54 and a debt-to-equity ratio of 0.48.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The company had revenue of $849.60 million during the quarter, compared to analyst estimates of $849.76 million. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. As a group, equities research analysts expect that Xilinx will post 3.72 earnings per share for the current year.

In other Xilinx news, SVP Emre Onder sold 1,337 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total transaction of $129,408.23. Following the completion of the transaction, the senior vice president now directly owns 4,340 shares of the company’s stock, valued at approximately $420,068.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Victor Peng sold 6,489 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $100.00, for a total value of $648,900.00. Following the transaction, the chief executive officer now directly owns 66,887 shares of the company’s stock, valued at $6,688,700. The disclosure for this sale can be found here. Insiders sold a total of 27,048 shares of company stock valued at $2,934,041 over the last three months. Corporate insiders own 0.19% of the company’s stock.

XLNX has been the subject of several recent research reports. BidaskClub raised Xilinx from a “strong sell” rating to a “sell” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Xilinx in a report on Wednesday, October 2nd. Morgan Stanley upped their target price on Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Zacks Investment Research raised Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a report on Saturday, July 27th. Finally, Nomura raised Xilinx from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. Xilinx has a consensus rating of “Hold” and a consensus price target of $118.30.

Xilinx Company Profile

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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Dividend History for Xilinx (NASDAQ:XLNX)

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