Meadow Creek Investment Management LLC decreased its position in Xilinx, Inc. (NASDAQ:XLNX) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 207,632 shares of the programmable devices maker’s stock after selling 23,312 shares during the period. Meadow Creek Investment Management LLC owned approximately 0.08% of Xilinx worth $13,999,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. NuWave Investment Management LLC acquired a new position in Xilinx in the 4th quarter worth $102,000. Tower Research Capital LLC TRC acquired a new position in Xilinx in the 4th quarter worth $106,000. San Francisco Sentry Investment Group CA acquired a new position in Xilinx in the 3rd quarter worth $117,000. Old Mutual Global Investors UK Ltd. acquired a new position in Xilinx in the 4th quarter worth $116,000. Finally, Cerebellum GP LLC acquired a new position in Xilinx in the 4th quarter worth $126,000. 91.67% of the stock is owned by institutional investors.
Shares of Xilinx, Inc. (XLNX) opened at $76.14 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08. Xilinx, Inc. has a 52-week low of $54.99 and a 52-week high of $78.02. The company has a market cap of $19,638.61, a PE ratio of 29.53, a price-to-earnings-growth ratio of 4.17 and a beta of 1.11.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th were issued a $0.35 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.84%. Xilinx’s payout ratio is 73.68%.
A number of equities analysts recently weighed in on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $87.00 target price (up from $78.00) on shares of Xilinx in a research note on Tuesday, January 23rd. Wells Fargo & Co upped their target price on shares of Xilinx from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Mizuho reaffirmed a “buy” rating and issued a $74.00 target price (up from $69.00) on shares of Xilinx in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on shares of Xilinx from $67.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $73.45.
In other news, CEO Moshe Gavrielov sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total value of $1,516,200.00. Following the sale, the chief executive officer now directly owns 62,813 shares of the company’s stock, valued at approximately $4,761,853.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vincent Tong sold 19,687 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $73.52, for a total transaction of $1,447,388.24. Following the completion of the sale, the insider now directly owns 55,403 shares in the company, valued at $4,073,228.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,987 shares of company stock worth $3,271,984. 0.40% of the stock is owned by insiders.
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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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