Advisors Asset Management Inc. increased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,921 shares of the programmable devices maker’s stock after purchasing an additional 3,726 shares during the quarter. Advisors Asset Management Inc.’s holdings in Xilinx were worth $7,219,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in XLNX. Janus Henderson Group PLC increased its holdings in shares of Xilinx by 743.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after purchasing an additional 6,423,813 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Xilinx by 779.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after purchasing an additional 1,619,600 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Xilinx by 104.8% in the 2nd quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after purchasing an additional 1,603,850 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Xilinx by 427.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after purchasing an additional 1,232,206 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Xilinx by 67.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after purchasing an additional 928,405 shares in the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) traded down $0.86 on Friday, hitting $71.81. 1,713,877 shares of the company traded hands, compared to its average volume of 2,110,265. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35. Xilinx, Inc. has a twelve month low of $52.54 and a twelve month high of $75.14. The firm has a market capitalization of $18,020.93, a PE ratio of 30.30, a PEG ratio of 2.97 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts expect that Xilinx, Inc. will post 2.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Xilinx’s dividend payout ratio is presently 59.07%.
In related news, CFO Lorenzo Flores sold 2,828 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the sale, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total transaction of $180,500.00. The disclosure for this sale can be found here. Insiders sold 213,127 shares of company stock worth $15,135,685 over the last three months. Corporate insiders own 0.40% of the company’s stock.
A number of brokerages have recently issued reports on XLNX. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Robert W. Baird reiterated a “hold” rating and issued a $68.00 price target on shares of Xilinx in a report on Friday, October 27th. Barclays PLC increased their price target on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank AG increased their price target on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $80.00 price target on shares of Xilinx in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $69.73.
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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