Kidder Stephen W reduced its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,168 shares of the programmable devices maker’s stock after selling 4,045 shares during the period. Xilinx comprises about 2.4% of Kidder Stephen W’s holdings, making the stock its 20th largest holding. Kidder Stephen W’s holdings in Xilinx were worth $5,917,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shamrock Asset Management LLC purchased a new position in Xilinx in the first quarter valued at $25,000. Jackson Grant Investment Advisers Inc. purchased a new position in Xilinx in the first quarter valued at $25,000. CWM LLC boosted its holdings in Xilinx by 225.0% in the first quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock valued at $28,000 after purchasing an additional 153 shares during the period. Lenox Wealth Advisors LLC purchased a new position in Xilinx in the second quarter valued at $33,000. Finally, Strategy Asset Managers LLC purchased a new position in Xilinx in the first quarter valued at $38,000. Institutional investors and hedge funds own 84.79% of the company’s stock.
Shares of XLNX traded down $3.28 during midday trading on Friday, reaching $110.18. 4,450,328 shares of the stock were exchanged, compared to its average volume of 3,116,325. The firm has a 50-day simple moving average of $117.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.22 and a quick ratio of 6.54. Xilinx, Inc. has a twelve month low of $68.76 and a twelve month high of $141.60. The stock has a market cap of $28.66 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. Xilinx had a return on equity of 35.99% and a net margin of 29.19%. The business had revenue of $849.60 million for the quarter, compared to analysts’ expectations of $849.76 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was up 24.1% compared to the same quarter last year. As a group, equities research analysts expect that Xilinx, Inc. will post 3.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, August 6th. Xilinx’s dividend payout ratio (DPR) is currently 42.53%.
In other news, SVP Emre Onder sold 2,222 shares of Xilinx stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $120.78, for a total transaction of $268,373.16. Following the sale, the senior vice president now owns 3,239 shares in the company, valued at $391,206.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the sale, the vice president now owns 16,674 shares in the company, valued at approximately $2,000,880. The disclosure for this sale can be found here. Insiders have sold 20,821 shares of company stock worth $2,377,587 in the last quarter. Insiders own 0.19% of the company’s stock.
A number of research firms recently issued reports on XLNX. Barclays decreased their target price on Xilinx from $130.00 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Goldman Sachs Group lowered Xilinx from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a report on Thursday, April 25th. Benchmark began coverage on Xilinx in a research note on Tuesday, July 23rd. They issued a “hold” rating on the stock. MKM Partners raised their price target on Xilinx to $120.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird set a $128.00 price target on Xilinx and gave the company a “buy” rating in a research note on Friday, July 26th. Fourteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Xilinx has a consensus rating of “Hold” and a consensus target price of $119.52.
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.
Featured Article: Overbought
Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.