Geode Capital Management LLC boosted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,026,464 shares of the programmable devices maker’s stock after purchasing an additional 106,582 shares during the quarter. Geode Capital Management LLC owned about 1.19% of Xilinx worth $203,676,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in XLNX. NuWave Investment Management LLC purchased a new stake in Xilinx in the 4th quarter valued at $102,000. Tower Research Capital LLC TRC acquired a new position in Xilinx in the 4th quarter valued at $106,000. Old Mutual Global Investors UK Ltd. acquired a new position in Xilinx in the 4th quarter valued at $116,000. San Francisco Sentry Investment Group CA acquired a new position in Xilinx in the 3rd quarter valued at $117,000. Finally, Cerebellum GP LLC acquired a new position in Xilinx in the 4th quarter valued at $126,000. Hedge funds and other institutional investors own 91.67% of the company’s stock.
XLNX has been the topic of several recent research reports. BidaskClub cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Morgan Stanley boosted their price objective on shares of Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Goldman Sachs Group raised shares of Xilinx from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Argus boosted their price objective on shares of Xilinx to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Barclays reissued a “hold” rating and issued a $70.00 price objective on shares of Xilinx in a research note on Friday, January 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Xilinx currently has an average rating of “Hold” and an average price target of $73.45.
Xilinx, Inc. (NASDAQ:XLNX) traded down $0.13 during trading hours on Wednesday, hitting $76.01. 2,185,591 shares of the stock were exchanged, compared to its average volume of 2,827,350. The company has a debt-to-equity ratio of 0.73, a quick ratio of 8.59 and a current ratio of 9.08. Xilinx, Inc. has a fifty-two week low of $54.99 and a fifty-two week high of $78.02. The firm has a market cap of $19,638.61, a PE ratio of 40.01, a PEG ratio of 4.17 and a beta of 1.11.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.58). The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $630.00 million. Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. analysts forecast that Xilinx, Inc. will post 1.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Wednesday, February 7th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.84%. Xilinx’s payout ratio is 73.68%.
In related news, CEO Moshe Gavrielov sold 20,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total value of $1,516,200.00. Following the sale, the chief executive officer now directly owns 62,813 shares of the company’s stock, valued at approximately $4,761,853.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Scott Hover-Smoot sold 4,300 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the completion of the sale, the senior vice president now directly owns 37,569 shares in the company, valued at $2,694,448.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,987 shares of company stock worth $3,271,984. 0.40% of the stock is owned by corporate insiders.
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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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