OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 4,498.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,531 shares of the programmable devices maker’s stock after buying an additional 235,300 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd. owned about 0.09% of Xilinx worth $5,744,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Meitav Dash Investments Ltd. purchased a new stake in Xilinx in the 4th quarter valued at $590,000. Sterling Capital Management LLC purchased a new stake in Xilinx in the 4th quarter valued at $750,000. MetLife Investment Advisors LLC purchased a new stake in Xilinx in the 4th quarter valued at $5,235,000. Castleark Management LLC raised its position in Xilinx by 16.8% in the 4th quarter. Castleark Management LLC now owns 7,020 shares of the programmable devices maker’s stock valued at $473,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its position in Xilinx by 38.6% in the 4th quarter. Vident Investment Advisory LLC now owns 270,581 shares of the programmable devices maker’s stock valued at $18,243,000 after purchasing an additional 75,410 shares during the last quarter. Institutional investors and hedge funds own 91.56% of the company’s stock.
Several analysts recently commented on XLNX shares. KeyCorp reiterated an “overweight” rating and issued a $87.00 price target (up previously from $78.00) on shares of Xilinx in a research report on Tuesday, January 23rd. Goldman Sachs upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Argus upped their price objective on shares of Xilinx to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Barclays restated a “hold” rating and set a $70.00 price objective on shares of Xilinx in a research report on Friday, January 19th. Finally, BidaskClub upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Xilinx presently has an average rating of “Hold” and an average price target of $73.45.
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, insider Vincent Tong sold 19,687 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $73.52, for a total transaction of $1,447,388.24. Following the completion of the sale, the insider now directly owns 55,403 shares in the company, valued at $4,073,228.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,987 shares of company stock worth $3,271,984. Corporate insiders own 0.40% of the company’s stock.
XLNX stock opened at $76.09 on Wednesday. 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 12 month low of $54.99 and a 12 month high of $78.02. The firm has a market cap of $19,111.14, a price-to-earnings ratio of 40.10, a PEG ratio of 3.03 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). Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The company had revenue of $631.00 million for the quarter, compared to analyst estimates of $630.00 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts predict that Xilinx, Inc. will post 2.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.84%. Xilinx’s dividend payout ratio (DPR) is presently 73.68%.
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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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