Coldstream Capital Management Inc. lessened its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 25.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,484 shares of the programmable devices maker’s stock after selling 3,599 shares during the period. Coldstream Capital Management Inc.’s holdings in Xilinx were worth $1,329,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in Xilinx by 1.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 5,371 shares of the programmable devices maker’s stock worth $457,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Xilinx by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the programmable devices maker’s stock worth $1,699,000 after acquiring an additional 100 shares in the last quarter. SP Asset Management raised its stake in Xilinx by 0.4% during the 4th quarter. SP Asset Management now owns 23,786 shares of the programmable devices maker’s stock worth $2,026,000 after acquiring an additional 102 shares in the last quarter. Ropes Wealth Advisors LLC raised its stake in Xilinx by 42.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 357 shares of the programmable devices maker’s stock worth $30,000 after acquiring an additional 107 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in Xilinx by 0.7% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 16,682 shares of the programmable devices maker’s stock worth $2,115,000 after acquiring an additional 109 shares in the last quarter. 84.48% of the stock is owned by institutional investors.
XLNX has been the topic of several research reports. BMO Capital Markets downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $100.00 to $125.00 in a research report on Monday, March 4th. Bank of America reiterated a “buy” rating and issued a $143.00 price objective on shares of Xilinx in a research note on Monday, March 4th. Zacks Investment Research cut shares of Xilinx from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Mizuho boosted their price objective on shares of Xilinx from $107.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Finally, KeyCorp reissued a “positive” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Xilinx in a research report on Tuesday, April 2nd. Thirteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.18.
In other news, Director Elizabeth W. Vanderslice sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $101.50, for a total value of $203,000.00. Following the sale, the director now owns 29,483 shares in the company, valued at $2,992,524.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark Wadlington sold 2,241 shares of Xilinx stock in a transaction dated 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 transaction, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at $244,105.40. The disclosure for this sale can be found here. Insiders have sold 8,020 shares of company stock worth $896,745 over the last three months. 0.16% of the stock is owned by corporate insiders.
XLNX traded up $4.28 during trading on Wednesday, hitting $114.23. 2,809,178 shares of the company’s stock were exchanged, compared to its average volume of 4,111,660. The stock has a market capitalization of $28.67 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 2.40 and a beta of 1.22. The stock’s 50 day moving average is $108.02. The company has a current ratio of 8.19, a quick ratio of 7.53 and a debt-to-equity ratio of 0.43. Xilinx, Inc. has a 1 year low of $64.15 and a 1 year high of $141.60.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.02). The firm had revenue of $828.36 million during the quarter, compared to analysts’ expectations of $826.51 million. Xilinx had a net margin of 29.09% and a return on equity of 34.72%. Xilinx’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Sell-side analysts forecast that Xilinx, Inc. will post 3.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 16th were issued a $0.37 dividend. The ex-dividend date was Wednesday, May 15th. This is a boost from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 1.30%. Xilinx’s dividend payout ratio is currently 42.53%.
Xilinx Company Profile
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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