Putnam Investments LLC lifted its stake in Xilinx, Inc. (NASDAQ:XLNX) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 410,975 shares of the programmable devices maker’s stock after purchasing an additional 6,297 shares during the quarter. Putnam Investments LLC owned 0.16% of Xilinx worth $48,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of XLNX. Mackenzie Financial Corp raised its position in shares of Xilinx by 2,219.6% in the second quarter. Mackenzie Financial Corp now owns 716,904 shares of the programmable devices maker’s stock valued at $84,537,000 after purchasing an additional 685,997 shares during the period. Invesco Ltd. raised its position in shares of Xilinx by 15.7% in the second quarter. Invesco Ltd. now owns 4,196,121 shares of the programmable devices maker’s stock valued at $494,807,000 after purchasing an additional 570,931 shares during the period. Vanguard Group Inc. raised its position in shares of Xilinx by 3.2% in the second quarter. Vanguard Group Inc. now owns 30,583,554 shares of the programmable devices maker’s stock valued at $3,606,413,000 after purchasing an additional 952,468 shares during the period. Sterling Capital Management LLC raised its position in shares of Xilinx by 167.9% in the second quarter. Sterling Capital Management LLC now owns 40,955 shares of the programmable devices maker’s stock valued at $4,829,000 after purchasing an additional 25,665 shares during the period. Finally, ETF Managers Group LLC raised its position in shares of Xilinx by 491.0% in the second quarter. ETF Managers Group LLC now owns 11,825 shares of the programmable devices maker’s stock valued at $1,397,000 after purchasing an additional 9,824 shares during the period. 84.77% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on XLNX. KeyCorp reissued an “overweight” rating and issued a $130.00 price target (down previously from $140.00) on shares of Xilinx in a research report on Monday, August 26th. Mizuho reissued a “buy” rating and issued a $140.00 price target on shares of Xilinx in a research report on Sunday, August 18th. Zacks Investment Research raised shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 price target on the stock in a research report on Saturday, July 27th. Robert W. Baird set a $128.00 price target on shares of Xilinx and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Morgan Stanley raised their price objective on shares of Xilinx from $126.00 to $134.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $118.81.
In other Xilinx news, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the vice president now directly owns 16,674 shares of the company’s stock, valued at $2,000,880. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Christopher Madden sold 3,733 shares of Xilinx stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $114.88, for a total value of $428,847.04. Following the transaction, the executive vice president now directly owns 12,600 shares of the company’s stock, valued at $1,447,488. The disclosure for this sale can be found here. Insiders have sold 32,531 shares of company stock worth $3,591,480 in the last quarter. Corporate insiders own 0.19% of the company’s stock.
XLNX traded up $0.36 during trading on Wednesday, reaching $104.64. 18,744 shares of the company’s stock were exchanged, compared to its average volume of 2,557,511. Xilinx, Inc. has a fifty-two week low of $68.76 and a fifty-two week high of $141.60. The company has a quick ratio of 6.54, a current ratio of 7.22 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $105.86 and a 200 day moving average price of $115.64. The company has a market capitalization of $26.58 billion, a P/E ratio of 30.09, a PEG ratio of 2.32 and a beta of 1.27.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The firm had revenue of $849.60 million for the quarter, compared to the consensus estimate of $849.76 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The business’s revenue was up 24.1% compared to the same quarter last year. As a group, research analysts forecast that Xilinx, Inc. will post 3.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. Xilinx’s dividend payout ratio is currently 42.53%.
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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