Cavalry Management Group LLC acquired a new position in Xilinx, Inc. (NASDAQ:XLNX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 353,808 shares of the programmable devices maker’s stock, valued at approximately $30,121,000. Xilinx makes up about 7.0% of Cavalry Management Group LLC’s investment portfolio, making the stock its 6th biggest position. Cavalry Management Group LLC owned about 0.14% of Xilinx as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XLNX. Brinker Capital Inc. raised its stake in Xilinx by 25.0% in the 4th quarter. Brinker Capital Inc. now owns 4,471 shares of the programmable devices maker’s stock worth $381,000 after acquiring an additional 893 shares during the last quarter. Tairen Capital Ltd purchased a new position in Xilinx in the 4th quarter worth $6,679,000. Totem Point Management LLC purchased a new position in Xilinx in the 4th quarter worth $17,990,000. Mackay Shields LLC raised its stake in Xilinx by 46.4% in the 4th quarter. Mackay Shields LLC now owns 59,059 shares of the programmable devices maker’s stock worth $5,030,000 after acquiring an additional 18,722 shares during the last quarter. Finally, QS Investors LLC raised its stake in Xilinx by 1.9% in the 4th quarter. QS Investors LLC now owns 103,509 shares of the programmable devices maker’s stock worth $8,816,000 after acquiring an additional 1,883 shares during the last quarter. 87.55% of the stock is owned by hedge funds and other institutional investors.
XLNX stock opened at $124.17 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.08 and a current ratio of 4.38. Xilinx, Inc. has a 12-month low of $62.54 and a 12-month high of $127.70. The stock has a market capitalization of $31.01 billion, a P/E ratio of 43.88, a PEG ratio of 2.94 and a beta of 1.18.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The company had revenue of $800.00 million for the quarter, compared to analysts’ expectations of $770.65 million. During the same period in the previous year, the firm posted $0.68 EPS. Xilinx’s revenue was up 33.6% compared to the same quarter last year. As a group, analysts expect that Xilinx, Inc. will post 3.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Wednesday, February 6th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, February 5th. Xilinx’s payout ratio is 50.88%.
A number of equities analysts recently issued reports on the company. Bank of America restated a “buy” rating and issued a $143.00 target price on shares of Xilinx in a research note on Monday, March 4th. BMO Capital Markets lowered Xilinx from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $100.00 to $125.00 in a research note on Monday, March 4th. Robert W. Baird raised their target price on Xilinx from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. ValuEngine upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Finally, Goldman Sachs Group lowered Xilinx from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $99.35.
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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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