Mackay Shields LLC raised its stake in Xilinx, Inc. (NASDAQ:XLNX) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,473 shares of the programmable devices maker’s stock after purchasing an additional 1,682 shares during the period. Mackay Shields LLC’s holdings in Xilinx were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of XLNX. Nuveen Asset Management LLC raised its position in Xilinx by 1,957.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,772,529 shares of the programmable devices maker’s stock valued at $326,937,000 after purchasing an additional 2,637,785 shares in the last quarter. BlackRock Inc. raised its position in shares of Xilinx by 9.1% during the 2nd quarter. BlackRock Inc. now owns 23,066,691 shares of the programmable devices maker’s stock worth $2,720,026,000 after acquiring an additional 1,929,227 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Xilinx during the 2nd quarter worth about $214,306,000. Vanguard Group Inc. raised its position in shares of Xilinx by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 30,583,554 shares of the programmable devices maker’s stock worth $3,606,413,000 after acquiring an additional 952,468 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Xilinx by 48.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,676,058 shares of the programmable devices maker’s stock worth $315,561,000 after acquiring an additional 869,096 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors.
In other Xilinx news, Director Marshall C. Turner sold 3,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $107.82, for a total transaction of $323,460.00. Following the completion of the sale, the director now owns 44,690 shares of the company’s stock, valued at $4,818,475.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Saar Gillai sold 3,400 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.65, for a total value of $328,610.00. Following the sale, the director now directly owns 7,712 shares of the company’s stock, valued at approximately $745,364.80. The disclosure for this sale can be found here. Insiders sold 22,226 shares of company stock valued at $2,270,378 over the last quarter. Insiders own 0.19% of the company’s stock.
Shares of XLNX stock traded down $0.55 during midday trading on Friday, hitting $95.50. The company had a trading volume of 2,469,300 shares, compared to its average volume of 3,768,574. The stock has a market cap of $23.99 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.37 and a beta of 1.24. The company’s 50 day simple moving average is $94.61 and its 200 day simple moving average is $107.23. Xilinx, Inc. has a 52-week low of $79.22 and a 52-week high of $141.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.44 and a quick ratio of 5.78.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The firm had revenue of $833.00 million during the quarter, compared to analyst estimates of $823.63 million. Xilinx had a return on equity of 35.84% and a net margin of 28.76%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. Analysts anticipate that Xilinx, Inc. will post 3.35 EPS for the current year.
Xilinx announced that its board has initiated a share buyback plan on Wednesday, October 23rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the programmable devices maker to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.48 annualized dividend and a yield of 1.55%. Xilinx’s payout ratio is currently 42.53%.
Several equities research analysts have recently weighed in on XLNX shares. Benchmark started coverage on Xilinx in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. Zacks Investment Research raised Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a research report on Saturday, July 27th. KeyCorp reissued an “overweight” rating and set a $130.00 target price (down previously from $140.00) on shares of Xilinx in a research report on Monday, August 26th. BidaskClub lowered Xilinx from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 2nd. Finally, Bank of America lowered Xilinx from a “buy” rating to a “neutral” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $113.26.
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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