Shares of Xilinx, Inc. (NASDAQ:XLNX) hit a new 52-week high during trading on Thursday . The company traded as high as $79.92 and last traded at $79.89, with a volume of 193274 shares trading hands. The stock had previously closed at $79.15.

A number of brokerages have recently commented on XLNX. SunTrust Banks lifted their price target on Xilinx to $76.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Robert W. Baird raised Xilinx from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $71.00 to $90.00 in a research note on Tuesday, August 28th. Needham & Company LLC initiated coverage on Xilinx in a research note on Thursday. They issued a “buy” rating and a $100.00 price objective on the stock. BidaskClub lowered Xilinx from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Finally, Bank of America raised Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Xilinx currently has a consensus rating of “Buy” and a consensus target price of $79.70.

The company has a quick ratio of 4.11, a current ratio of 4.38 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $19.57 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.70 and a beta of 1.03.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. The business had revenue of $684.00 million during the quarter, compared to the consensus estimate of $674.46 million. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. equities research analysts predict that Xilinx, Inc. will post 3.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were issued a $0.36 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.80%. Xilinx’s payout ratio is currently 50.88%.

In other Xilinx news, SVP William Christopher Madden sold 1,598 shares of Xilinx stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $65.01, for a total value of $103,885.98. Following the completion of the sale, the senior vice president now directly owns 8,416 shares in the company, valued at $547,124.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the sale, the vice president now owns 10,271 shares of the company’s stock, valued at $753,583.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,943 shares of company stock valued at $1,693,880. 0.16% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of XLNX. Squar Milner Financial Services LLC bought a new stake in shares of Xilinx during the second quarter valued at approximately $105,000. Itau Unibanco Holding S.A. bought a new stake in shares of Xilinx during the second quarter valued at approximately $123,000. ClariVest Asset Management LLC bought a new stake in shares of Xilinx during the second quarter valued at approximately $149,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Xilinx by 3,935.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 42,981 shares of the programmable devices maker’s stock valued at $179,000 after acquiring an additional 41,916 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Xilinx during the second quarter valued at approximately $187,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

Xilinx Company Profile (NASDAQ:XLNX)

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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