AMP Capital Investors Ltd reduced its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 18.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,444 shares of the programmable devices maker’s stock after selling 22,577 shares during the period. AMP Capital Investors Ltd’s holdings in Xilinx were worth $8,185,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its holdings in Xilinx by 626.7% during the second quarter. Cubist Systematic Strategies LLC now owns 42,514 shares of the programmable devices maker’s stock worth $2,774,000 after buying an additional 36,664 shares in the last quarter. Alliancebernstein L.P. raised its position in Xilinx by 8.8% during the third quarter. Alliancebernstein L.P. now owns 8,916,616 shares of the programmable devices maker’s stock worth $714,845,000 after acquiring an additional 720,829 shares during the period. Scout Investments Inc. raised its position in Xilinx by 7.5% during the third quarter. Scout Investments Inc. now owns 134,188 shares of the programmable devices maker’s stock worth $10,758,000 after acquiring an additional 9,405 shares during the period. Hall Laurie J Trustee raised its position in Xilinx by 4.9% during the third quarter. Hall Laurie J Trustee now owns 29,835 shares of the programmable devices maker’s stock worth $2,392,000 after acquiring an additional 1,400 shares during the period. Finally, Swiss National Bank raised its position in Xilinx by 4.9% during the second quarter. Swiss National Bank now owns 844,584 shares of the programmable devices maker’s stock worth $55,118,000 after acquiring an additional 39,500 shares during the period. 88.11% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on XLNX. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Friday, October 26th. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. BMO Capital Markets upped their price objective on shares of Xilinx from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 3rd. Needham & Company LLC began coverage on shares of Xilinx in a research report on Thursday, September 27th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Cowen began coverage on shares of Xilinx in a research report on Friday, September 7th. They set a “market perform” rating and a $81.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Xilinx has an average rating of “Buy” and a consensus target price of $82.95.
Shares of NASDAQ XLNX opened at $89.01 on Friday. The stock has a market capitalization of $23.10 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.93 and a beta of 0.89. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49. Xilinx, Inc. has a 52 week low of $62.27 and a 52 week high of $95.18.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million during the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a net margin of 21.33% and a return on equity of 34.05%. As a group, equities research analysts predict that Xilinx, Inc. will post 3.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, November 9th. Xilinx’s dividend payout ratio (DPR) is 50.88%.
In other news, SVP Emre Onder sold 1,734 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $77.15, for a total value of $133,778.10. Following the completion of the sale, the senior vice president now directly owns 1,419 shares in the company, valued at $109,475.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vincent Tong sold 40,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total transaction of $3,375,200.00. Following the completion of the sale, the insider now owns 30,223 shares of the company’s stock, valued at $2,550,216.74. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
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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