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

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Xilinx, Inc. (NASDAQ:XLNX) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Shareholders 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 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, November 8th.

NASDAQ XLNX opened at $95.40 on Wednesday. Xilinx has a 52 week low of $79.22 and a 52 week high of $141.60. The company has a current ratio of 6.44, a quick ratio of 5.78 and a debt-to-equity ratio of 0.46. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a 50-day moving average price of $95.17 and a two-hundred day moving average price of $107.83.

Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The firm had revenue of $833.00 million during the quarter, compared to analysts’ expectations of $823.63 million. During the same quarter in the prior year, the firm earned $0.84 EPS. Xilinx’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Xilinx will post 3.35 earnings per share for the current fiscal year.

Several research analysts have commented on XLNX shares. Credit Suisse Group restated an “outperform” rating and issued a $110.00 target price (down previously from $135.00) on shares of Xilinx in a research report on Thursday, October 24th. Bank of America cut shares of Xilinx from a “buy” rating to a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley decreased their target price on shares of Xilinx from $134.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Cowen decreased their target price on shares of Xilinx from $120.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Finally, Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a research report on Saturday, July 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $113.26.

Xilinx declared that its board has approved a stock repurchase program on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the programmable devices maker to reacquire up to 4.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

In related news, SVP Emre Onder sold 1,337 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $96.79, for a total transaction of $129,408.23. Following the completion of the sale, the senior vice president now directly owns 4,340 shares of the company’s stock, valued at $420,068.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Vincent Tong sold 8,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $105.00, for a total transaction of $840,000.00. Following the sale, the executive vice president now directly owns 36,775 shares of the company’s stock, valued at $3,861,375. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,226 shares of company stock valued at $2,270,378. Company insiders own 0.19% of the company’s stock.

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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Dividend History for Xilinx (NASDAQ:XLNX)

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