Pinebridge Investments L.P. grew its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 2,826.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,874 shares of the programmable devices maker’s stock after purchasing an additional 18,229 shares during the quarter. Pinebridge Investments L.P.’s holdings in Xilinx were worth $1,337,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA purchased a new position in Xilinx in the 3rd quarter worth approximately $117,000. Tredje AP fonden lifted its stake in Xilinx by 48.3% in the 3rd quarter. Tredje AP fonden now owns 33,770 shares of the programmable devices maker’s stock worth $2,392,000 after purchasing an additional 11,000 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Xilinx by 24.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 14,812 shares of the programmable devices maker’s stock worth $1,049,000 after purchasing an additional 2,905 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Xilinx by 29.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 6,206 shares of the programmable devices maker’s stock worth $440,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Xilinx by 2.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,216,824 shares of the programmable devices maker’s stock worth $86,188,000 after purchasing an additional 26,349 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. BMO Capital Markets restated a “buy” rating and set a $80.00 price target on shares of Xilinx in a report on Wednesday, October 18th. Robert W. Baird restated a “hold” rating and set a $68.00 price target on shares of Xilinx in a report on Friday, October 27th. Barclays raised their price target on shares of Xilinx from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Credit Suisse Group restated an “outperform” rating on shares of Xilinx in a report on Thursday, August 31st. Finally, BidaskClub downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.73.
In other news, Director Elizabeth W. Vanderslice sold 2,500 shares of Xilinx stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $72.20, for a total transaction of $180,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Moshe Gavrielov sold 25,000 shares of Xilinx stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the sale, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at $18,894,914.56. 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 three months. 0.40% of the stock is currently owned by corporate insiders.
Xilinx, Inc. (NASDAQ:XLNX) opened at $69.00 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35. Xilinx, Inc. has a 1 year low of $54.99 and a 1 year high of $75.14. The company has a market cap of $17,170.20, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 last year, the company posted $0.61 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. equities research analysts forecast that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.40 annualized dividend and a yield of 2.03%. Xilinx’s dividend payout ratio is presently 59.07%.
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Xilinx Company Profile
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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