Xilinx (XLNX) Earning Somewhat Positive News Coverage, Study Shows

Headlines about Xilinx (NASDAQ:XLNX) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xilinx earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the programmable devices maker an impact score of 46.7030806295073 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

A number of research analysts have issued reports on XLNX shares. KeyCorp set a $70.00 target price on shares of Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $75.00 target price on shares of Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. Vetr upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $70.95 target price on the stock in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and a consensus target price of $69.73.

Shares of Xilinx (NASDAQ:XLNX) traded up $0.46 during mid-day trading on Tuesday, reaching $72.33. 1,442,800 shares of the company’s stock traded hands, compared to its average volume of 2,690,658. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70. The firm has a market cap of $18,035.98, a P/E ratio of 30.33, a P/E/G ratio of 2.97 and a beta of 1.10. Xilinx has a 52-week low of $51.67 and a 52-week high of $75.14.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $620.00 million during the quarter, compared to analysts’ expectations of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. sell-side analysts forecast that Xilinx will post 2.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. Xilinx’s dividend payout ratio is currently 59.07%.

In other news, CEO Moshe Gavrielov sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the transaction, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at approximately $18,894,914.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total transaction of $209,922.44. Following the transaction, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The disclosure for this sale can be found here. Insiders have sold a total of 185,627 shares of company stock valued at $13,155,185 over the last ninety days. Company insiders own 0.40% of the company’s stock.

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About Xilinx

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.

Insider Buying and Selling by Quarter for Xilinx (NASDAQ:XLNX)

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