TD Asset Management Inc. trimmed its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,829 shares of the programmable devices maker’s stock after selling 22,283 shares during the period. TD Asset Management Inc. owned approximately 0.16% of Xilinx worth $31,974,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of Xilinx during the 2nd quarter valued at $90,808,000. Renaissance Technologies LLC grew its position in shares of Xilinx by 2,863.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,360,005 shares of the programmable devices maker’s stock valued at $88,754,000 after purchasing an additional 1,314,105 shares in the last quarter. BlackRock Inc. grew its position in shares of Xilinx by 5.5% during the 2nd quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock valued at $1,237,325,000 after purchasing an additional 990,937 shares in the last quarter. Congress Asset Management Co. MA purchased a new position in shares of Xilinx during the 3rd quarter valued at $60,698,000. Finally, Nuance Investments LLC grew its position in shares of Xilinx by 276.1% during the 2nd quarter. Nuance Investments LLC now owns 648,682 shares of the programmable devices maker’s stock valued at $42,333,000 after purchasing an additional 476,220 shares in the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.
Shares of NASDAQ:XLNX opened at $85.64 on Friday. Xilinx, Inc. has a 52-week low of $62.27 and a 52-week high of $88.20. The firm has a market capitalization of $21.53 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.73 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 (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. The company had revenue of $746.25 million during the quarter, compared to analyst estimates of $710.33 million. Sell-side analysts predict that Xilinx, Inc. will post 3.29 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 13th will be given a $0.36 dividend. The ex-dividend date is Friday, November 9th. This represents a $1.44 annualized dividend and a yield of 1.68%. Xilinx’s dividend payout ratio (DPR) is presently 50.88%.
A number of research firms have recently commented on XLNX. Bank of America boosted their price target on shares of Xilinx from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Friday, October 26th. MKM Partners boosted their price target on shares of Xilinx to $85.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. William Blair began coverage on shares of Xilinx in a research report on Friday, October 26th. They set a “market perform” rating for the company. Finally, Citigroup boosted their price target on shares of Xilinx from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $82.38.
In other Xilinx news, CFO Lorenzo Flores sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $71.33, for a total value of $534,975.00. Following the completion of the sale, the chief financial officer now directly owns 34,381 shares of the company’s stock, valued at $2,452,396.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total transaction of $73,370.00. Following the completion of the sale, the vice president now directly owns 10,271 shares of the company’s stock, valued at $753,583.27. The disclosure for this sale can be found here. Insiders sold 51,234 shares of company stock valued at $4,195,333 over the last quarter. 0.16% of the stock is owned by company insiders.
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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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