Parsons Capital Management Inc. RI decreased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,800 shares of the programmable devices maker’s stock after selling 4,750 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Xilinx were worth $1,286,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in shares of Xilinx during the fourth quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC increased its holdings in shares of Xilinx by 100.0% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,944 shares of the programmable devices maker’s stock valued at $140,000 after acquiring an additional 972 shares in the last quarter. Pictet North America Advisors SA bought a new stake in shares of Xilinx during the first quarter valued at approximately $211,000. Banque Pictet & Cie SA bought a new stake in shares of Xilinx during the first quarter valued at approximately $211,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Xilinx by 1,533.3% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,940 shares of the programmable devices maker’s stock valued at $212,000 after acquiring an additional 2,760 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.
Xilinx opened at $68.50 on Wednesday, Marketbeat.com reports. Xilinx, Inc. has a 1-year low of $60.12 and a 1-year high of $78.02. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.17 and a current ratio of 4.42. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.58 and a beta of 1.11.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.10. Xilinx had a return on equity of 29.98% and a net margin of 20.18%. The company had revenue of $673.00 million during the quarter, compared to analyst estimates of $650.29 million. During the same quarter last year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. research analysts predict that Xilinx, Inc. will post 2.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Tuesday, May 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Monday, May 14th. This is a positive change from Xilinx’s previous quarterly dividend of $0.35.
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Xilinx from $68.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, April 26th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Saturday, April 7th. SunTrust Banks cut their target price on Xilinx to $72.00 and set a “hold” rating on the stock in a research report on Thursday, April 26th. KeyCorp cut their target price on Xilinx from $87.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, April 26th. Finally, BidaskClub raised Xilinx from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $74.10.
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; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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