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. Investors of record on Tuesday, November 12th will be given a dividend of 0.37 per share by the programmable devices maker on Tuesday, December 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, November 8th.

XLNX stock opened at $93.77 on Thursday. The company’s 50 day moving average price is $94.95 and its 200 day moving average price is $107.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 5.78 and a current ratio of 6.44. Xilinx has a fifty-two week low of $79.22 and a fifty-two week high of $141.60. The firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.30 and a beta of 1.24.

Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The business had revenue of $833.00 million for the quarter, compared to analyst estimates of $823.63 million. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. Equities analysts forecast that Xilinx will post 3.35 EPS for the current fiscal year.

In other Xilinx news, EVP Vincent Tong sold 8,000 shares of Xilinx stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $105.00, for a total value of $840,000.00. Following the completion of the sale, the executive vice president now owns 36,775 shares in the company, valued at approximately $3,861,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marshall C. Turner sold 3,000 shares of Xilinx stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $107.82, for a total value of $323,460.00. Following the completion of the sale, the director now owns 44,690 shares of the company’s stock, valued at approximately $4,818,475.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,226 shares of company stock valued at $2,270,378. Company insiders own 0.19% of the company’s stock.

Xilinx declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the programmable devices maker to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of equities analysts have recently issued reports on the stock. Benchmark assumed coverage on shares of Xilinx in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. Bank of America lowered shares of Xilinx from a “buy” rating to a “neutral” rating in a research report on Friday, September 20th. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a research report on Saturday, July 27th. Rosenblatt Securities restated a “buy” rating and set a $165.00 target price on shares of Xilinx in a research report on Tuesday, October 1st. Finally, Robert W. Baird lowered their target price on shares of Xilinx from $128.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. One investment analyst has 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 $113.26.

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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