Chevy Chase Trust Holdings Inc. raised its stake in Xilinx, Inc. (NASDAQ:XLNX) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,216 shares of the programmable devices maker’s stock after purchasing an additional 2,909 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of Xilinx worth $15,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Xilinx by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,668,265 shares of the programmable devices maker’s stock valued at $1,779,622,000 after purchasing an additional 638,165 shares in the last quarter. Janus Henderson Group PLC raised its position in Xilinx by 743.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after purchasing an additional 6,423,813 shares in the last quarter. Discovery Capital Management LLC CT increased its holdings in shares of Xilinx by 5.6% in the 2nd quarter. Discovery Capital Management LLC CT now owns 3,358,055 shares of the programmable devices maker’s stock valued at $215,990,000 after acquiring an additional 177,100 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Xilinx by 104.8% in the 2nd quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after acquiring an additional 1,603,850 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Xilinx by 67.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after acquiring an additional 928,405 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.
In other Xilinx news, Director Elizabeth W. Vanderslice sold 2,500 shares of Xilinx stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.20, for a total value of $180,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Victor Peng sold 25,000 shares of Xilinx 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 disclosure for this sale can be found here. Insiders have sold a total of 213,127 shares of company stock worth $15,135,685 in the last 90 days. 0.40% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on XLNX shares. BMO Capital Markets reiterated a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a report on Wednesday, October 18th. KeyCorp set a $78.00 price objective on Xilinx and gave the company a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Friday, October 27th. Barclays increased their price objective on Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $68.00 price objective on shares of Xilinx in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.73.
Xilinx, Inc. (XLNX) opened at $67.68 on Wednesday. The stock has a market capitalization of $17,200.31, a P/E ratio of 28.92, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. Xilinx, Inc. has a 12 month low of $54.99 and a 12 month high of $75.14.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. analysts expect that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.07%. Xilinx’s dividend payout ratio is presently 59.07%.
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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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