Earnest Partners LLC lifted its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 813,020 shares of the programmable devices maker’s stock after acquiring an additional 10,812 shares during the quarter. Earnest Partners LLC’s holdings in Xilinx were worth $95,871,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Xilinx in the first quarter worth approximately $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Xilinx during the second quarter worth approximately $29,000. Citizens Financial Group Inc RI boosted its holdings in shares of Xilinx by 114.2% during the second quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock worth $30,000 after purchasing an additional 137 shares during the period. Lenox Wealth Advisors LLC acquired a new stake in Xilinx in the second quarter valued at approximately $33,000. Finally, FinTrust Capital Advisors LLC lifted its stake in Xilinx by 168.0% in the second quarter. FinTrust Capital Advisors LLC now owns 276 shares of the programmable devices maker’s stock valued at $33,000 after acquiring an additional 173 shares during the last quarter. 85.06% of the stock is currently owned by institutional investors.
In related news, EVP Vincent Tong sold 8,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $105.00, for a total transaction of $840,000.00. Following the transaction, the executive vice president now owns 36,775 shares of the company’s stock, valued at $3,861,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Victor Peng sold 6,489 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $100.00, for a total transaction of $648,900.00. Following the transaction, 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 three months, insiders sold 32,531 shares of company stock worth $3,591,480. Insiders own 0.19% of the company’s stock.
XLNX has been the subject of a number of analyst reports. BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Barclays reduced their target price on shares of Xilinx from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley lifted their target price on shares of Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a research note on Saturday, July 27th. Finally, Bank of America reiterated a “buy” rating and issued a $150.00 target price (up from $130.00) on shares of Xilinx in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Xilinx currently has an average rating of “Hold” and a consensus price target of $118.81.
NASDAQ:XLNX opened at $106.48 on Friday. Xilinx, Inc. has a 12 month low of $68.76 and a 12 month high of $141.60. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.36 and a beta of 1.27. 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 company’s 50 day moving average is $107.85 and its 200-day moving average is $116.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, beating 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 company had revenue of $849.60 million for the quarter, compared to analyst estimates of $849.76 million. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. Research analysts predict that Xilinx, Inc. will post 3.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Wednesday, August 7th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, August 6th. Xilinx’s dividend payout ratio is 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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