Scout Investments Inc. raised its stake in Xilinx, Inc. (NASDAQ:XLNX) by 286.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 518,956 shares of the programmable devices maker’s stock after acquiring an additional 384,768 shares during the quarter. Xilinx makes up approximately 1.1% of Scout Investments Inc.’s investment portfolio, making the stock its 21st largest position. Scout Investments Inc. owned approximately 0.21% of Xilinx worth $44,199,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in XLNX. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Xilinx in the third quarter valued at approximately $108,000. Lucia Wealth Services LLC acquired a new position in shares of Xilinx during the 3rd quarter worth approximately $160,000. Psagot Investment House Ltd. raised its stake in shares of Xilinx by 57.3% during the 3rd quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock worth $164,000 after buying an additional 744 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of Xilinx by 3,935.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 42,981 shares of the programmable devices maker’s stock worth $179,000 after buying an additional 41,916 shares during the period. Finally, Oak Grove Capital LLC acquired a new position in shares of Xilinx during the 3rd quarter worth approximately $188,000. 88.04% of the stock is owned by institutional investors.
In other news, insider Vincent Tong sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the transaction, the insider now owns 30,223 shares of the company’s stock, valued at approximately $2,550,216.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.
Several research analysts have recently weighed in on XLNX shares. Argus raised Xilinx to a “buy” rating in a research note on Wednesday. Susquehanna Bancshares raised Xilinx from a “neutral” rating to a “positive” rating and upped their target price for the stock from $82.00 to $85.00 in a research note on Tuesday, November 13th. Bank of America upped their target price on Xilinx from $85.00 to $95.00 and gave the stock a “positive” rating in a research note on Monday, October 1st. BidaskClub raised Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. Finally, Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Xilinx has a consensus rating of “Buy” and a consensus target price of $84.91.
NASDAQ:XLNX traded up $0.55 during trading hours on Friday, hitting $90.92. The company had a trading volume of 2,667,300 shares, compared to its average volume of 2,733,512. The company has a quick ratio of 4.00, a current ratio of 4.26 and a debt-to-equity ratio of 0.49. The stock has a market cap of $22.48 billion, a P/E ratio of 32.13, a PEG ratio of 2.85 and a beta of 0.90. Xilinx, Inc. has a 1 year low of $62.27 and a 1 year high of $95.18.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. The company had revenue of $746.25 million during the quarter, compared to analysts’ expectations of $710.33 million. On average, equities analysts anticipate that Xilinx, Inc. will post 3.29 earnings per share for the current year.
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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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