Gulf International Bank UK Ltd raised its position in Xilinx, Inc. (NASDAQ:XLNX) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,930 shares of the programmable devices maker’s stock after acquiring an additional 2,200 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Xilinx were worth $6,488,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. WINTON GROUP Ltd lifted its stake in Xilinx by 6.5% in the third quarter. WINTON GROUP Ltd now owns 143,982 shares of the programmable devices maker’s stock worth $11,543,000 after acquiring an additional 8,750 shares during the last quarter. First Long Island Investors LLC purchased a new position in Xilinx in the third quarter worth approximately $217,000. Bbva Compass Bancshares Inc. lifted its stake in Xilinx by 4.1% in the third quarter. Bbva Compass Bancshares Inc. now owns 19,540 shares of the programmable devices maker’s stock worth $1,567,000 after acquiring an additional 777 shares during the last quarter. Hollencrest Capital Management purchased a new position in Xilinx in the third quarter worth approximately $219,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Xilinx by 16.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,825 shares of the programmable devices maker’s stock worth $1,108,000 after acquiring an additional 1,996 shares during the last quarter. Institutional investors own 87.68% of the company’s stock.
A number of research analysts recently issued reports on the stock. SunTrust Banks lifted their price target on shares of Xilinx to $76.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Robert W. Baird upgraded shares of Xilinx from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $71.00 to $90.00 in a research note on Tuesday, August 28th. MKM Partners lifted their price target on shares of Xilinx to $85.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Barclays lifted their price target on shares of Xilinx from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 25th. Finally, Citigroup boosted their price objective on shares of Xilinx from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Xilinx presently has an average rating of “Buy” and a consensus target price of $82.38.
In other news, insider Vincent Tong sold 40,000 shares of Xilinx stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total value of $3,375,200.00. Following the transaction, the insider now directly owns 30,223 shares of the company’s stock, valued at approximately $2,550,216.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 7,500 shares of Xilinx stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $71.33, for a total transaction of $534,975.00. Following the completion of the transaction, the chief financial officer now directly owns 34,381 shares in the company, valued at $2,452,396.73. The disclosure for this sale can be found here. Insiders sold a total of 51,234 shares of company stock worth $4,195,333 over the last ninety days. Corporate insiders own 0.16% of the company’s stock.
Shares of NASDAQ:XLNX opened at $85.64 on Friday. The company has a market cap of $21.74 billion, a PE ratio of 30.26, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49. Xilinx, Inc. has a twelve month low of $62.27 and a twelve month high of $88.20.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million during the quarter, compared to the consensus estimate of $710.33 million. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. On average, equities research analysts forecast that Xilinx, Inc. will post 3.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Xilinx’s payout ratio is 50.88%.
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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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