Gifford Fong Associates bought a new stake in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the programmable devices maker’s stock, valued at approximately $326,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of Nova Scotia increased its holdings in shares of Xilinx by 96.8% in the 2nd quarter. Bank of Nova Scotia now owns 65,149 shares of the programmable devices maker’s stock valued at $4,252,000 after purchasing an additional 32,049 shares during the period. Verition Fund Management LLC acquired a new position in shares of Xilinx in the 2nd quarter valued at about $1,630,000. California Public Employees Retirement System increased its holdings in shares of Xilinx by 15.0% in the 2nd quarter. California Public Employees Retirement System now owns 703,862 shares of the programmable devices maker’s stock valued at $45,934,000 after purchasing an additional 91,615 shares during the period. Argent Trust Co increased its holdings in Xilinx by 176.8% in the second quarter. Argent Trust Co now owns 8,289 shares of the programmable devices maker’s stock worth $541,000 after buying an additional 5,294 shares during the last quarter. Finally, HRT Financial LLC acquired a new position in Xilinx in the second quarter worth approximately $468,000. Institutional investors own 87.43% of the company’s stock.
In other news, SVP William Christopher Madden sold 1,598 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $65.01, for a total value of $103,885.98. Following the completion of the sale, the senior vice president now directly owns 8,416 shares of the company’s stock, valued at $547,124.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Catia Hagopian sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $78.01, for a total value of $78,010.00. Following the completion of the sale, the vice president now directly owns 9,271 shares of the company’s stock, valued at $723,230.71. The disclosure for this sale can be found here. Insiders have sold 22,209 shares of company stock valued at $1,560,102 in the last ninety days. Company insiders own 0.16% of the company’s stock.
Shares of Xilinx stock opened at $77.57 on Monday. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 2.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.38 and a quick ratio of 4.11. Xilinx, Inc. has a 12-month low of $62.27 and a 12-month high of $79.50.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 25th. The programmable devices maker reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $684.00 million during the quarter, compared to analysts’ expectations of $674.46 million. Xilinx had a return on equity of 31.63% and a net margin of 20.52%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. equities analysts predict that Xilinx, Inc. will post 3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 8th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. Xilinx’s payout ratio is currently 50.88%.
A number of equities analysts recently commented on XLNX shares. ValuEngine upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Rosenblatt Securities upgraded Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, July 26th. Bank of America upgraded Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, July 26th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, July 27th. Finally, Deutsche Bank increased their price objective on Xilinx from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $78.47.
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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