E Daily Stock Pick: Xilinx

This week, I'm looking for the sixth technology representative of six for my Ivy portfolio.

That technology sector has nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, to internet, scientific instruments, software, solar, and all such techno-marvels.

Today I'm reviewing a large-cap semiconductors company named Xilinx Inc. Their trading ticker symbol is XLNX.

Founded in 1984, Xilinx is the top designer of Field Programmable Gate Arrays by market share. Its chips are critical in the performance of various devices in the communications, data processing, industrial, consumer, and automotive markets. Xilinx designs and sells chips, but it outsources manufacturing to third-party chip foundries.

It sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers and electronic manufacturing service providers, as well as independent sales representatives.

Xilinx, Inc. was founded in 1984 and is headquartered in San Jose, California.

I use three key data points to gauge dividend paying equities or funds like Xilinx Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

XLNX Price

Xilinx's price per share closed at $122.95 yesterday. A year ago its price was $68.74. Price rose $54.21 or 79% in the past year.

Assuming Xilinx's stock trades in the range of $80.00 to $140.00 this year, Xilinx's recent $122.95 price could rise by $3.05 and go to $126.00 by mid-July, 2020.

XLNX Dividends

Xilinx's most recent quarterly dividend is $0.37 paid June 3rd.

That $0.37 Q payout equates to an annual dividend of $1.48 which produces a yield of 1.2% based on yesterday's $122.95 closing price.

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Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts

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