Stratos Wealth Partners LTD. lifted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 29.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,134 shares of the programmable devices maker’s stock after purchasing an additional 2,781 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Xilinx were worth $1,194,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC grew its stake in shares of Xilinx by 3.8% in the second quarter. SeaCrest Wealth Management LLC now owns 2,730 shares of the programmable devices maker’s stock worth $269,000 after purchasing an additional 101 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Xilinx during the fourth quarter valued at $3,055,000. Lenox Wealth Management Inc. lifted its holdings in shares of Xilinx by 7.8% during the second quarter. Lenox Wealth Management Inc. now owns 1,790 shares of the programmable devices maker’s stock valued at $176,000 after purchasing an additional 129 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Xilinx by 5.3% during the first quarter. Checchi Capital Advisers LLC now owns 2,590 shares of the programmable devices maker’s stock valued at $202,000 after purchasing an additional 130 shares during the last quarter. Finally, Western Wealth Management LLC lifted its holdings in shares of Xilinx by 4.1% during the first quarter. Western Wealth Management LLC now owns 3,376 shares of the programmable devices maker’s stock valued at $267,000 after purchasing an additional 133 shares during the last quarter. 82.58% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on XLNX shares. Morgan Stanley upped their target price on Xilinx from $108.00 to $117.00 and gave the company an “overweight” rating in a report on Friday. Credit Suisse Group upped their target price on Xilinx from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. Barclays reduced their target price on Xilinx from $110.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, April 17th. Deutsche Bank increased their price objective on Xilinx from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, Goldman Sachs Group raised Xilinx from a “buy” rating to a “conviction-buy” rating in a research note on Monday, July 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $104.32.
Shares of XLNX stock opened at $107.35 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.68 and a quick ratio of 2.40. Xilinx, Inc. has a fifty-two week low of $67.68 and a fifty-two week high of $119.78. The stock’s 50-day moving average is $97.54 and its two-hundred day moving average is $89.41. The firm has a market cap of $26.11 billion, a P/E ratio of 34.41, a PEG ratio of 4.22 and a beta of 0.96.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Thursday, July 30th. The programmable devices maker reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.25). Xilinx had a return on equity of 33.25% and a net margin of 25.07%. The firm had revenue of $726.67 million during the quarter, compared to analyst estimates of $727.22 million. As a group, research analysts expect that Xilinx, Inc. will post 2.84 EPS for the current year.
In other news, VP Catia Hagopian sold 1,200 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $90.41, for a total transaction of $108,492.00. Following the transaction, the vice president now owns 15,770 shares of the company’s stock, valued at approximately $1,425,765.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marshall C. Turner sold 7,060 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $95.37, for a total value of $673,312.20. Following the transaction, the director now directly owns 41,502 shares in the company, valued at approximately $3,958,045.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,107 shares of company stock worth $1,894,258. Insiders own 0.20% 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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