Tocqueville Asset Management L.P. decreased its holdings in Xilinx (NASDAQ:XLNX) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,745 shares of the programmable devices maker’s stock after selling 2,550 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Xilinx were worth $252,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. NuWave Investment Management LLC acquired a new position in shares of Xilinx during the fourth quarter valued at about $102,000. Tower Research Capital LLC TRC acquired a new position in shares of Xilinx during the fourth quarter valued at about $106,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Xilinx during the fourth quarter valued at about $116,000. San Francisco Sentry Investment Group CA acquired a new position in shares of Xilinx during the third quarter valued at about $117,000. Finally, Cerebellum GP LLC acquired a new position in shares of Xilinx during the fourth quarter valued at about $126,000. 91.64% of the stock is currently owned by institutional investors.
In other news, insider Vincent Tong sold 19,687 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $73.52, for a total transaction of $1,447,388.24. Following the completion of the transaction, the insider now directly owns 55,403 shares of the company’s stock, valued at approximately $4,073,228.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Scott Hover-Smoot sold 4,300 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the transaction, the senior vice president now directly owns 37,569 shares of the company’s stock, valued at $2,694,448.68. The disclosure for this sale can be found here. Insiders sold a total of 43,987 shares of company stock valued at $3,271,984 over the last ninety days. 0.40% of the stock is currently owned by insiders.
Several equities analysts have recently weighed in on XLNX shares. KeyCorp reiterated an “overweight” rating and set a $87.00 price objective (up previously from $78.00) on shares of Xilinx in a report on Tuesday, January 23rd. Goldman Sachs upgraded shares of Xilinx from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. BidaskClub upgraded shares of Xilinx from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. Argus upped their price objective on shares of Xilinx to $85.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Finally, Barclays restated a “hold” rating and issued a $70.00 target price on shares of Xilinx in a report on Friday, January 19th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Xilinx has a consensus rating of “Hold” and a consensus target price of $74.16.
Shares of XLNX stock opened at $66.30 on Friday. Xilinx has a 52-week low of $54.99 and a 52-week high of $78.02. The company has a quick ratio of 8.59, a current ratio of 9.08 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $18,127.55, a price-to-earnings ratio of 28.58, a PEG ratio of 2.64 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 24th. The programmable devices maker reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $630.00 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. equities analysts expect that Xilinx will post 2.65 EPS 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; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP).
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