AMP Capital Investors Ltd lifted its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 21.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,021 shares of the programmable devices maker’s stock after buying an additional 22,374 shares during the quarter. AMP Capital Investors Ltd’s holdings in Xilinx were worth $8,159,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Xilinx by 2.3% in the 1st quarter. Wells Fargo & Company MN now owns 1,317,528 shares of the programmable devices maker’s stock worth $95,177,000 after purchasing an additional 30,034 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Xilinx by 163.8% in the 1st quarter. Dupont Capital Management Corp now owns 3,108 shares of the programmable devices maker’s stock worth $225,000 after purchasing an additional 1,930 shares in the last quarter. Comerica Bank lifted its holdings in shares of Xilinx by 3.0% in the 1st quarter. Comerica Bank now owns 65,275 shares of the programmable devices maker’s stock worth $4,236,000 after purchasing an additional 1,871 shares in the last quarter. Mackay Shields LLC bought a new position in shares of Xilinx in the 1st quarter worth $3,100,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Xilinx by 16.9% in the 1st quarter. Victory Capital Management Inc. now owns 37,185 shares of the programmable devices maker’s stock worth $2,686,000 after purchasing an additional 5,368 shares in the last quarter. 87.43% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on the company. Cowen assumed coverage on Xilinx in a report on Friday, September 7th. They issued a “market perform” rating and a $81.00 target price on the stock. BidaskClub upgraded Xilinx from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Robert W. Baird upgraded Xilinx from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $71.00 to $90.00 in a report on Tuesday, August 28th. Deutsche Bank increased their target price on Xilinx from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, August 22nd. Finally, Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $78.47.
In other news, CFO Lorenzo Flores sold 7,500 shares of Xilinx stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $71.33, for a total transaction of $534,975.00. Following the sale, the chief financial officer now directly owns 34,381 shares in the company, valued at approximately $2,452,396.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Michael Patterson sold 3,000 shares of Xilinx stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $73.49, for a total value of $220,470.00. Following the sale, the director now owns 23,282 shares in the company, valued at $1,710,994.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,209 shares of company stock worth $1,560,102. Company insiders own 0.16% of the company’s stock.
Shares of NASDAQ:XLNX opened at $77.34 on Friday. The company has a current ratio of 4.38, a quick ratio of 4.11 and a debt-to-equity ratio of 0.52. Xilinx, Inc. has a 1-year low of $62.27 and a 1-year high of $79.50. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.67 and a beta of 1.03.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The business had revenue of $684.00 million for the quarter, compared to analysts’ expectations of $674.46 million. During the same period last year, the business earned $0.63 EPS. The business’s revenue was up 13.4% on a year-over-year basis. sell-side analysts forecast that Xilinx, Inc. will post 3.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Tuesday, August 7th. Xilinx’s dividend payout ratio (DPR) is presently 50.88%.
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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