CIBC World Markets Inc. bought a new position in shares of Xilinx, Inc. (NASDAQ:XLNX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,063 shares of the programmable devices maker’s stock, valued at approximately $881,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XLNX. Engineers Gate Manager LP acquired a new stake in Xilinx during the fourth quarter worth about $4,036,000. Parametrica Management Ltd acquired a new stake in Xilinx during the fourth quarter worth about $204,000. Dividend Assets Capital LLC increased its stake in Xilinx by 0.9% during the fourth quarter. Dividend Assets Capital LLC now owns 487,412 shares of the programmable devices maker’s stock worth $32,861,000 after acquiring an additional 4,541 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Xilinx by 7.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 37,882 shares of the programmable devices maker’s stock worth $2,554,000 after acquiring an additional 2,529 shares during the last quarter. Finally, Northstar Investment Advisors LLC increased its stake in Xilinx by 2.4% during the fourth quarter. Northstar Investment Advisors LLC now owns 165,598 shares of the programmable devices maker’s stock worth $11,165,000 after acquiring an additional 3,812 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.
A number of research firms have recently issued reports on XLNX. Barclays reiterated a “hold” rating and issued a $70.00 target price on shares of Xilinx in a research note on Friday, January 19th. KeyCorp reiterated an “overweight” rating and issued a $87.00 target price (up previously from $78.00) on shares of Xilinx in a research note on Tuesday, January 23rd. Argus increased their target price on Xilinx to $85.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Xilinx from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Mizuho reiterated a “buy” rating and issued a $74.00 target price (up previously from $69.00) on shares of Xilinx in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Xilinx has an average rating of “Hold” and an average price target of $73.45.
In other Xilinx news, CEO Moshe Gavrielov sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $75.81, for a total transaction of $1,516,200.00. Following the transaction, the chief executive officer now owns 62,813 shares of the company’s stock, valued at approximately $4,761,853.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vincent Tong sold 19,687 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $73.52, for a total value of $1,447,388.24. Following the completion of the sale, the insider now directly owns 55,403 shares in the company, valued at approximately $4,073,228.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,487 shares of company stock worth $5,252,484. 0.40% of the stock is currently owned by company insiders.
Xilinx, Inc. (XLNX) traded up $0.17 during trading hours on Wednesday, reaching $65.29. The company’s stock had a trading volume of 2,368,200 shares, compared to its average volume of 2,990,798. The company has a current ratio of 9.08, a quick ratio of 8.59 and a debt-to-equity ratio of 0.73. Xilinx, Inc. has a 52 week low of $54.99 and a 52 week high of $77.26. The company has a market cap of $16,593.57, a P/E ratio of 34.36, a PEG ratio of 3.37 and a beta of 1.13.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.58). Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The firm had revenue of $631.00 million for the quarter, compared to the consensus estimate of $630.00 million. During the same period in the prior year, the business earned $0.52 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. analysts anticipate that Xilinx, Inc. will post 2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, February 6th. Xilinx’s dividend payout ratio is presently 73.68%.
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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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