Xilinx, Inc. (XLNX) Short Interest Update
Xilinx, Inc. (NASDAQ:XLNX) was the recipient of a significant decline in short interest in September. As of September 29th, there was short interest totalling 21,675,746 shares, a decline of 18.5% from the September 15th total of 26,595,213 shares. Currently, 8.7% of the company’s stock are sold short. Based on an average daily volume of 2,286,681 shares, the days-to-cover ratio is presently 9.5 days.
Xilinx (XLNX) opened at 72.47 on Friday. The firm has a market capitalization of $18.02 billion, a PE ratio of 30.97 and a beta of 1.10. The stock has a 50 day moving average price of $68.34 and a 200-day moving average price of $64.49. Xilinx has a one year low of $48.97 and a one year high of $72.97.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Xilinx will post $2.54 earnings per share for the current year.
Several analysts have recently issued reports on XLNX shares. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Pacific Crest reiterated an “overweight” rating and set a $70.00 price target on shares of Xilinx in a research note on Wednesday, June 21st. Vetr upgraded Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research note on Monday, June 19th. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $66.14.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 28,600 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $71.78, for a total value of $2,052,908.00. The disclosure for this sale can be found here. Insiders sold 209,330 shares of company stock worth $14,598,104 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pensionfund Sabic acquired a new stake in shares of Xilinx in the third quarter valued at approximately $1,842,000. Pensionfund DSM Netherlands acquired a new stake in shares of Xilinx in the third quarter valued at approximately $3,329,000. Intl Fcstone Inc. raised its position in shares of Xilinx by 122.7% in the second quarter. Intl Fcstone Inc. now owns 25,088 shares of the programmable devices maker’s stock valued at $1,614,000 after buying an additional 13,821 shares in the last quarter. Achmea Investment Management B.V. raised its position in shares of Xilinx by 91.9% in the second quarter. Achmea Investment Management B.V. now owns 32,129 shares of the programmable devices maker’s stock valued at $2,064,000 after buying an additional 15,390 shares in the last quarter. Finally, Hall Laurie J Trustee raised its position in shares of Xilinx by 1.9% in the second quarter. Hall Laurie J Trustee now owns 27,085 shares of the programmable devices maker’s stock valued at $1,742,000 after buying an additional 500 shares in the last quarter. Institutional investors own 97.42% of the company’s stock.
Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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