Daiwa Securities Group Inc. trimmed its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 42.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,876 shares of the programmable devices maker’s stock after selling 18,226 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Xilinx were worth $3,154,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. World Asset Management Inc increased its holdings in shares of Xilinx by 4.4% during the first quarter. World Asset Management Inc now owns 17,935 shares of the programmable devices maker’s stock worth $2,274,000 after buying an additional 760 shares in the last quarter. Legacy Bridge LLC acquired a new stake in shares of Xilinx in the first quarter valued at approximately $743,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Xilinx by 12.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,063 shares of the programmable devices maker’s stock valued at $14,969,000 after purchasing an additional 12,997 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Xilinx by 492.0% in the first quarter. Assenagon Asset Management S.A. now owns 306,532 shares of the programmable devices maker’s stock valued at $38,865,000 after purchasing an additional 254,751 shares in the last quarter. Finally, Budros Ruhlin & Roe Inc. acquired a new stake in shares of Xilinx in the first quarter valued at approximately $549,000. 88.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on XLNX shares. SunTrust Banks raised their price target on shares of Xilinx to $102.00 and gave the company a “hold” rating in a report on Thursday, January 24th. BMO Capital Markets lowered shares of Xilinx from an “outperform” rating to a “market perform” rating and raised their price target for the company from $100.00 to $125.00 in a report on Monday, March 4th. Deutsche Bank raised their price target on shares of Xilinx from $90.00 to $125.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Bank of America reissued a “buy” rating and issued a $143.00 price target on shares of Xilinx in a report on Friday, May 3rd. Finally, Cowen reissued a “market perform” rating and issued a $105.00 price target (up previously from $81.00) on shares of Xilinx in a report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Xilinx has an average rating of “Hold” and an average price target of $115.52.
In other Xilinx news, EVP William Christopher Madden sold 435 shares of Xilinx stock in a transaction on Friday, May 17th. The shares were sold at an average price of $105.69, for a total value of $45,975.15. Following the sale, the executive vice president now directly owns 4,809 shares in the company, valued at approximately $508,263.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Wadlington sold 2,241 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $133.10, for a total transaction of $298,277.10. Following the transaction, the senior vice president now owns 1,834 shares in the company, valued at $244,105.40. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
XLNX traded down $1.02 during trading on Wednesday, reaching $104.69. 2,959,900 shares of the company’s stock were exchanged, compared to its average volume of 4,294,234. The firm has a market capitalization of $26.60 billion, a PE ratio of 30.08, a P/E/G ratio of 2.23 and a beta of 1.12. Xilinx, Inc. has a fifty-two week low of $64.15 and a fifty-two week high of $141.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.53 and a current ratio of 8.19.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.02). The firm had revenue of $828.36 million for the quarter, compared to the consensus estimate of $826.51 million. Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. Equities analysts forecast that Xilinx, Inc. will post 3.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from Xilinx’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, May 15th. Xilinx’s dividend payout ratio (DPR) is currently 42.53%.
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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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