Xact Kapitalforvaltning AB decreased its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,372 shares of the programmable devices maker’s stock after selling 1,270 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Xilinx were worth $5,880,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Xilinx by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 383,691 shares of the programmable devices maker’s stock valued at $30,760,000 after purchasing an additional 105,032 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Xilinx by 13.8% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,425 shares of the programmable devices maker’s stock valued at $462,000 after purchasing an additional 659 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of Xilinx in the fourth quarter valued at about $490,000. Gabelli Funds LLC bought a new position in Xilinx during the fourth quarter worth about $4,386,000. Finally, Crossmark Global Holdings Inc. increased its position in Xilinx by 31.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,734 shares of the programmable devices maker’s stock worth $2,107,000 after acquiring an additional 5,951 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.
In related news, SVP Mark Wadlington sold 2,241 shares of Xilinx stock in a transaction on Friday, April 12th. The shares were sold at an average price of $133.10, for a total value of $298,277.10. Following the completion of the sale, the senior vice president now owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Emre Onder sold 344 shares of Xilinx stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $104.92, for a total transaction of $36,092.48. Following the completion of the sale, the senior vice president now directly owns 1,419 shares of the company’s stock, valued at approximately $148,881.48. The disclosure for this sale can be found here. Insiders sold a total of 8,020 shares of company stock valued at $896,745 in the last quarter. 0.16% of the stock is currently owned by company insiders.
Xilinx stock traded up $4.28 during mid-day trading on Wednesday, hitting $114.23. 2,809,178 shares of the stock were exchanged, compared to its average volume of 4,111,660. The company has a quick ratio of 7.53, a current ratio of 8.19 and a debt-to-equity ratio of 0.43. Xilinx, Inc. has a 12 month low of $64.15 and a 12 month high of $141.60. The firm’s fifty day moving average price is $108.02. The firm has a market capitalization of $28.67 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts forecast that Xilinx, Inc. will post 3.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th were paid a $0.37 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.30%. This is a positive change from Xilinx’s previous quarterly dividend of $0.36. Xilinx’s payout ratio is currently 42.53%.
A number of equities analysts recently commented on XLNX shares. BMO Capital Markets lowered shares of Xilinx from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $100.00 to $125.00 in a research report on Monday, March 4th. Deutsche Bank increased their price objective on shares of Xilinx from $90.00 to $125.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Bank of America reiterated a “buy” rating and set a $143.00 price objective on shares of Xilinx in a research note on Friday, May 3rd. BidaskClub downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Finally, Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Thursday, April 4th. Thirteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.18.
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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