Xilinx, Inc. (NASDAQ:XLNX) has earned an “A” credit rating from Morningstar. The firm’s “A” rating indicates that the company is a low default risk. They also gave their stock a three star rating.

In other Xilinx news, VP Krishna Rangasayee sold 16,250 shares of Xilinx stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $48.02, for a total transaction of $780,325.00. Following the completion of the transaction, the vice president now owns 31,837 shares in the company, valued at approximately $1,528,812.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jon A. Olson sold 110,000 shares of Xilinx stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $47.16, for a total value of $5,187,600.00. Following the transaction, the chief financial officer now owns 110,000 shares of the company’s stock, valued at approximately $5,187,600. The disclosure for this sale can be found here.

Several other equities research analysts have also recently issued reports on XLNX. Barclays raised their target price on shares of Xilinx from $41.00 to $43.00 in a research report on Thursday, January 14th. Nomura reiterated a “hold” rating on shares of Xilinx in a report on Tuesday, January 26th.Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Friday, February 26th. Macquarie upped their price objective on Xilinx from $40.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, December 21st. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Xilinx in a research report on Tuesday, January 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.42.

Shares of Xilinx (NASDAQ:XLNX) opened at 47.14 on Tuesday. The company has a market cap of $12.05 billion and a P/E ratio of 23.48. Xilinx has a 52 week low of $38.73 and a 52 week high of $50.72. The firm’s 50-day moving average price is $47.53 and its 200 day moving average price is $46.75.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, January 20th. The programmable devices maker reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business earned $566 million during the quarter, compared to analyst estimates of $554.50 million. During the same period in the previous year, the business posted $0.62 EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts predict that Xilinx will post $2.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, March 2nd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, February 29th.

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.