Connor Clark & Lunn Investment Management Ltd. increased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 251.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,550 shares of the programmable devices maker’s stock after buying an additional 9,700 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Xilinx were worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Xilinx in the 3rd quarter valued at approximately $285,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Xilinx by 4.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 66,915 shares of the programmable devices maker’s stock worth $5,366,000 after purchasing an additional 2,688 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Xilinx by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 43,283 shares of the programmable devices maker’s stock worth $3,470,000 after purchasing an additional 1,778 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Xilinx during the 3rd quarter worth approximately $244,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Xilinx by 16.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,825 shares of the programmable devices maker’s stock worth $1,108,000 after purchasing an additional 1,996 shares in the last quarter. Institutional investors own 87.55% of the company’s stock.
XLNX stock opened at $124.17 on Friday. The company has a current ratio of 4.38, a quick ratio of 4.08 and a debt-to-equity ratio of 0.46. The company has a market cap of $31.01 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.18. Xilinx, Inc. has a 1-year low of $62.54 and a 1-year high of $127.70.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, January 23rd. The programmable devices maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $800.00 million for the quarter, compared to analyst estimates of $770.65 million. Xilinx had a return on equity of 34.82% and a net margin of 27.92%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. Equities analysts forecast that Xilinx, Inc. will post 3.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Wednesday, February 6th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Tuesday, February 5th. Xilinx’s payout ratio is presently 50.88%.
XLNX has been the topic of a number of analyst reports. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. KeyCorp upped their price objective on Xilinx from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, December 3rd. Morgan Stanley upped their price objective on Xilinx from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 19th. Zacks Investment Research cut Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Finally, Argus upped their price objective on Xilinx from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target 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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