Tower View Investment Management & Research LLC raised its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 14,275 shares of the programmable devices maker’s stock after buying an additional 603 shares during the quarter. Tower View Investment Management & Research LLC’s holdings in Xilinx were worth $1,369,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Xilinx by 3.2% during 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 in the last quarter. BlackRock Inc. lifted its position in shares of Xilinx by 9.1% during the second quarter. BlackRock Inc. now owns 23,066,691 shares of the programmable devices maker’s stock valued at $2,720,026,000 after purchasing an additional 1,929,227 shares in the last quarter. FMR LLC lifted its position in shares of Xilinx by 67.6% during the first quarter. FMR LLC now owns 7,672,404 shares of the programmable devices maker’s stock valued at $972,785,000 after purchasing an additional 3,093,316 shares in the last quarter. Invesco Ltd. lifted its position in shares of Xilinx by 15.7% during 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Xilinx by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 3,991,095 shares of the programmable devices maker’s stock valued at $470,630,000 after purchasing an additional 63,427 shares in the last quarter. 84.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on XLNX. Morgan Stanley raised their price target on shares of Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Mizuho reissued a “buy” rating and set a $140.00 price target on shares of Xilinx in a research report on Sunday, August 18th. Robert W. Baird dropped their price target on shares of Xilinx from $128.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, September 23rd. Bank of America lowered shares of Xilinx from a “buy” rating to a “neutral” rating in a research report on Friday, September 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Xilinx in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and an average target price of $119.14.
XLNX stock traded up $1.21 during mid-day trading on Wednesday, hitting $90.48. The company had a trading volume of 2,829,892 shares, compared to its average volume of 3,787,074. The firm has a market cap of $22.55 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. Xilinx, Inc. has a 12 month low of $68.76 and a 12 month high of $141.60. The stock’s fifty day moving average price is $100.26 and its two-hundred day moving average price is $112.56.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities analysts anticipate that Xilinx, Inc. will post 3.74 earnings per share for the current year.
In other Xilinx news, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction dated Tuesday, July 30th. The shares were 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 of the company’s stock, valued at $2,000,880. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Victor Peng sold 6,489 shares of Xilinx stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $100.00, for a total transaction of $648,900.00. Following the completion of the sale, the chief executive officer now directly owns 66,887 shares in the company, valued at approximately $6,688,700. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,711 shares of company stock worth $2,804,633. Insiders own 0.19% of the company’s stock.
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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