Fayez Sarofim & Co. lessened its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,820 shares of the programmable devices maker’s stock after selling 5,363 shares during the period. Fayez Sarofim & Co.’s holdings in Xilinx were worth $1,333,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Creative Planning raised its holdings in Xilinx by 52.9% during the second quarter. Creative Planning now owns 12,083 shares of the programmable devices maker’s stock valued at $777,000 after buying an additional 4,182 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Xilinx by 97.8% during the second quarter. State of Alaska Department of Revenue now owns 4,430 shares of the programmable devices maker’s stock valued at $284,000 after buying an additional 2,190 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Xilinx by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the programmable devices maker’s stock valued at $991,000 after buying an additional 100 shares in the last quarter. Aperio Group LLC raised its holdings in Xilinx by 14.3% during the second quarter. Aperio Group LLC now owns 123,593 shares of the programmable devices maker’s stock valued at $7,950,000 after buying an additional 15,459 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in Xilinx during the second quarter valued at about $520,000. 95.23% of the stock is owned by institutional investors and hedge funds.
Xilinx, Inc. (NASDAQ:XLNX) traded down $0.08 during trading hours on Monday, hitting $68.16. 2,037,694 shares of the stock were exchanged, compared to its average volume of 2,627,677. Xilinx, Inc. has a 52 week low of $53.66 and a 52 week high of $75.14. The company has a quick ratio of 9.35, a current ratio of 9.86 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $17,125.03, a PE ratio of 28.79, a P/E/G ratio of 2.82 and a beta of 1.07.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The company had revenue of $620.00 million during the quarter, compared to analysts’ expectations of $620.99 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Xilinx’s quarterly revenue was up 7.1% compared to the same quarter last year. analysts anticipate that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
The business also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, November 14th. Xilinx’s dividend payout ratio (DPR) is presently 59.07%.
In related news, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.00, for a total value of $1,800,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 28,600 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $71.78, for a total transaction of $2,052,908.00. The disclosure for this sale can be found here. Insiders sold a total of 213,127 shares of company stock valued at $15,135,685 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.
A number of research firms have recently commented on XLNX. Zacks Investment Research lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. KeyCorp set a $78.00 target price on Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. BMO Capital Markets reissued a “buy” rating and set a $80.00 target price on shares of Xilinx in a research report on Wednesday, October 18th. MKM Partners lifted their target price on Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research report on Sunday, October 8th. Finally, SunTrust Banks reissued a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. Three 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’s stock. The company has a consensus rating of “Hold” and an average target price of $69.73.
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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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