Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in Xilinx, Inc. (NASDAQ:XLNX) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,714 shares of the programmable devices maker’s stock after acquiring an additional 7,543 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Xilinx were worth $10,713,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Xilinx by 3.2% in the second quarter. Vanguard Group Inc. now owns 30,583,554 shares of the programmable devices maker’s stock valued at $3,606,413,000 after acquiring an additional 952,468 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Xilinx by 9.1% in the second quarter. BlackRock Inc. now owns 23,066,691 shares of the programmable devices maker’s stock valued at $2,720,026,000 after acquiring an additional 1,929,227 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Xilinx by 15.7% in the second quarter. Invesco Ltd. now owns 4,196,121 shares of the programmable devices maker’s stock valued at $494,807,000 after acquiring an additional 570,931 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Xilinx by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 3,991,095 shares of the programmable devices maker’s stock valued at $470,630,000 after acquiring an additional 63,427 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Xilinx by 24.5% in the second quarter. Janus Henderson Group PLC now owns 3,487,605 shares of the programmable devices maker’s stock valued at $411,258,000 after acquiring an additional 686,461 shares in the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.
In other news, EVP Vincent Tong sold 8,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $105.00, for a total transaction of $840,000.00. Following the sale, the executive vice president now owns 36,775 shares in the company, valued at $3,861,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Emre Onder sold 1,337 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total value of $129,408.23. Following the sale, the senior vice president now owns 4,340 shares in the company, valued at approximately $420,068.60. The disclosure for this sale can be found here. Insiders have sold 22,226 shares of company stock worth $2,270,378 in the last 90 days. Insiders own 0.19% of the company’s stock.
A number of equities analysts have commented on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 target price (down from $135.00) on shares of Xilinx in a report on Thursday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of Xilinx in a report on Wednesday, October 2nd. Robert W. Baird reduced their target price on shares of Xilinx from $128.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, September 23rd. ValuEngine upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, BMO Capital Markets reduced their target price on shares of Xilinx to $100.00 and set a “market perform” rating for the company in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. Xilinx presently has an average rating of “Hold” and an average price target of $113.26.
Shares of XLNX stock traded down $0.55 during trading hours on Friday, reaching $95.50. 2,469,300 shares of the company’s stock were exchanged, compared to its average volume of 3,768,574. Xilinx, Inc. has a 1 year low of $79.22 and a 1 year high of $141.60. The stock has a market cap of $23.99 billion, a PE ratio of 27.44, a PEG ratio of 2.37 and a beta of 1.24. The company has a current ratio of 6.44, a quick ratio of 5.78 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $94.78 and its two-hundred day moving average price is $107.43.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Xilinx had a return on equity of 35.84% and a net margin of 28.76%. The business had revenue of $833.00 million for the quarter, compared to analyst estimates of $823.63 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Xilinx, Inc. will post 3.35 EPS for the current fiscal year.
Xilinx announced that its Board of Directors has authorized a share buyback program on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the programmable devices maker to reacquire up to 4.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.55%. Xilinx’s payout ratio is 42.53%.
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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