Victory Capital Management Inc. lessened its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 12.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 329,503 shares of the programmable devices maker’s stock after selling 45,342 shares during the period. Victory Capital Management Inc. owned 0.13% of Xilinx worth $41,778,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new stake in Xilinx during the 1st quarter worth $366,000. Stevens Capital Management LP grew its holdings in shares of Xilinx by 805.2% in the 1st quarter. Stevens Capital Management LP now owns 22,711 shares of the programmable devices maker’s stock valued at $2,880,000 after buying an additional 20,202 shares during the period. Morse Asset Management Inc grew its holdings in shares of Xilinx by 81.5% in the 1st quarter. Morse Asset Management Inc now owns 4,655 shares of the programmable devices maker’s stock valued at $590,000 after buying an additional 2,090 shares during the period. New England Private Wealth Advisors LLC acquired a new position in shares of Xilinx in the 1st quarter valued at $235,000. Finally, Hartz Capital Inc. acquired a new position in shares of Xilinx in the 1st quarter valued at $703,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:XLNX traded down $3.78 on Thursday, hitting $109.40. 7,975,530 shares of the company’s stock were exchanged, compared to its average volume of 4,072,395. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.19 and a quick ratio of 7.53. Xilinx, Inc. has a 52 week low of $64.15 and a 52 week high of $141.60. The stock has a market capitalization of $29.06 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, April 24th. The programmable devices maker reported $0.94 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.02). Xilinx had a return on equity of 34.72% and a net margin of 29.09%. The business had revenue of $828.36 million for the quarter, compared to the consensus estimate of $826.51 million. During the same period last year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, analysts anticipate that Xilinx, Inc. will post 3.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from Xilinx’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 1.35%. Xilinx’s payout ratio is 41.38%.
XLNX has been the subject of several research analyst reports. Goldman Sachs Group lowered shares of Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 price target for the company. in a report on Thursday, April 25th. Cowen reissued a “market perform” rating and issued a $120.00 price target (down previously from $130.00) on shares of Xilinx in a report on Thursday, April 25th. Mizuho raised shares of Xilinx from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Thursday, January 17th. BMO Capital Markets boosted their price target on shares of Xilinx to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target (up previously from $100.00) on shares of Xilinx in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $115.52.
In other Xilinx news, SVP Mark Wadlington sold 2,241 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $133.10, for a total transaction of $298,277.10. Following the sale, the senior vice president now directly owns 1,834 shares of the company’s stock, valued at approximately $244,105.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.
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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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