JMP Securities reissued their outperform rating on shares of Xilinx, Inc. (NASDAQ:XLNX) in a report released on Wednesday, ARN reports. The firm currently has a $55.00 target price on the programmable devices maker’s stock.

In other news, VP Krishna Rangasayee sold 16,250 shares of the business’s stock in a transaction on Monday, November 16th. The shares were sold at an average price of $46.90, for a total transaction of $762,125.00. Following the completion of the sale, the vice president now directly owns 30,948 shares of the company’s stock, valued at approximately $1,451,461.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip T. Gianos sold 3,025 shares of the business’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $46.65, for a total transaction of $141,116.25. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the stock. Shelton Capital Management boosted its stake in shares of Xilinx by 11.9% in the fourth quarter. Shelton Capital Management now owns 16,179 shares of the programmable devices maker’s stock valued at $760,000 after buying an additional 1,720 shares in the last quarter. American Century Companies Inc. raised its position in Xilinx by 0.5% in the fourth quarter. American Century Companies Inc. now owns 2,652,811 shares of the programmable devices maker’s stock valued at $124,603,000 after buying an additional 12,720 shares during the last quarter. Fort Pitt Capital Group LLC acquired a new position in Xilinx during the fourth quarter valued at $23,441,000. World Asset Management Inc raised its position in Xilinx by 2.0% in the fourth quarter. World Asset Management Inc now owns 27,967 shares of the programmable devices maker’s stock valued at $1,314,000 after buying an additional 546 shares during the last quarter. Finally, K.J. Harrison & Partners Inc raised its position in Xilinx by 371.4% in the fourth quarter. K.J. Harrison & Partners Inc now owns 33,000 shares of the programmable devices maker’s stock valued at $1,550,000 after buying an additional 26,000 shares during the last quarter.

Xilinx (NASDAQ:XLNX) traded down 0.74% on Wednesday, reaching $49.90. The company had a trading volume of 3,148,066 shares. The stock has a 50 day moving average price of $46.25 and a 200 day moving average price of $44.85. The stock has a market capitalization of $12.80 billion and a PE ratio of 24.85. Xilinx has a 52-week low of $38.07 and a 52-week high of $50.72.

Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, January 20th. The programmable devices maker reported $0.49 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.49. The firm earned $566 million during the quarter, compared to analyst estimates of $554.50 million. Xilinx’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Analysts expect that Xilinx will post $2.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 16th. Stockholders of record on Wednesday, March 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, February 29th. This represents a $1.24 annualized dividend and a dividend yield of 2.48%.

A number of other equities research analysts also recently commented on XLNX. Credit Suisse raised their price objective on shares of Xilinx from $38.00 to $45.00 and gave the company a neutral rating in a research report on Thursday, January 21st. Barclays restated a hold rating on shares of Xilinx in a research report on Friday, January 22nd. Morgan Stanley reduced their price objective on shares of Xilinx from $46.00 to $45.00 and set an equal weight rating for the company in a research report on Thursday, January 21st. FBR & Co. restated a hold rating and issued a $50.00 price objective on shares of Xilinx in a research report on Thursday, January 21st. Finally, Nomura raised their price objective on shares of Xilinx from $41.00 to $43.00 and gave the company a neutral rating in a research report on Thursday, January 21st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $48.83.

Xilinx, Inc. (NASDAQ:XLNX) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores. The Company provides design services, customer training, field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.

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