Unigestion Holding SA lessened its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 54.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,264 shares of the programmable devices maker’s stock after selling 6,293 shares during the period. Unigestion Holding SA’s holdings in Xilinx were worth $505,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in XLNX. Nuveen Asset Management LLC boosted its position in shares of Xilinx by 1,957.6% during the second quarter. Nuveen Asset Management LLC now owns 2,772,529 shares of the programmable devices maker’s stock valued at $326,937,000 after buying an additional 2,637,785 shares during the period. BlackRock Inc. boosted its holdings in shares of Xilinx by 9.1% in 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 during the period. Jennison Associates LLC purchased a new stake in shares of Xilinx in the second quarter valued at approximately $214,306,000. Vanguard Group Inc. boosted its holdings 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. Finally, AQR Capital Management LLC boosted its holdings in shares of Xilinx by 48.1% in the second quarter. AQR Capital Management LLC now owns 2,676,058 shares of the programmable devices maker’s stock valued at $315,561,000 after purchasing an additional 869,096 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.
NASDAQ:XLNX traded down $0.55 during trading hours on Friday, reaching $95.50. The company’s stock had a trading volume of 2,469,300 shares, compared to its average volume of 3,768,574. Xilinx, Inc. has a 12 month low of $79.22 and a 12 month high of $141.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 5.78 and a current ratio of 6.44. The company has a market capitalization of $23.99 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.37 and a beta of 1.24. The stock has a 50 day moving average price of $94.61 and a two-hundred day moving average price of $107.23.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The company had revenue of $833.00 million for the quarter, compared to analyst estimates of $823.63 million. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, analysts predict that Xilinx, Inc. will post 3.35 EPS for the current fiscal year.
Xilinx announced that its board has initiated a stock repurchase program on Wednesday, October 23rd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the programmable devices maker to purchase up to 4.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, November 8th. Xilinx’s payout ratio is currently 42.53%.
In other news, Director Saar Gillai sold 3,400 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.65, for a total transaction of $328,610.00. Following the sale, the director now directly owns 7,712 shares of the company’s stock, valued at approximately $745,364.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Emre Onder sold 1,337 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $96.79, for a total transaction of $129,408.23. Following the sale, the senior vice president now directly owns 4,340 shares in the company, valued at $420,068.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,226 shares of company stock worth $2,270,378. Corporate insiders own 0.19% of the company’s stock.
A number of analysts recently issued reports on XLNX shares. ValuEngine upgraded Xilinx from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Cowen lowered their price target on Xilinx from $120.00 to $90.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 price target (down previously from $135.00) on shares of Xilinx in a report on Thursday, October 24th. Cascend Securities upgraded Xilinx from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, October 22nd. Finally, BMO Capital Markets lowered their price target on Xilinx to $100.00 and set a “market perform” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Xilinx has a consensus rating of “Hold” and a consensus target price of $113.26.
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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