Sciencast Management LP decreased its position in Xilinx, Inc. (NASDAQ:XLNX) by 2.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,845 shares of the programmable devices maker’s stock after selling 155 shares during the period. Sciencast Management LP’s holdings in Xilinx were worth $570,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in shares of Xilinx during the fourth quarter valued at about $3,055,000. Verus Capital Partners LLC purchased a new position in Xilinx in the 4th quarter worth $54,000. Bangor Savings Bank purchased a new position in Xilinx in the 1st quarter worth $1,028,000. American National Bank raised its position in Xilinx by 785.0% in the 1st quarter. American National Bank now owns 5,000 shares of the programmable devices maker’s stock worth $390,000 after purchasing an additional 4,435 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Xilinx by 4.8% in the 1st quarter. State of Alaska Department of Revenue now owns 43,332 shares of the programmable devices maker’s stock worth $3,377,000 after purchasing an additional 2,004 shares during the period. 82.58% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Marshall C. Turner sold 4,246 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $106.12, for a total transaction of $450,585.52. Following the sale, the director now owns 33,384 shares of the company’s stock, valued at $3,542,710.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William Christopher Madden sold 3,427 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $101.60, for a total transaction of $348,183.20. Following the sale, the executive vice president now directly owns 16,304 shares in the company, valued at approximately $1,656,486.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,107 shares of company stock worth $1,894,258. 0.20% of the stock is owned by insiders.
A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Xilinx from $85.00 to $88.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 30th. Mizuho raised their price target on shares of Xilinx from $94.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday. ValuEngine lowered shares of Xilinx from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Susquehanna Bancshares raised their price target on shares of Xilinx from $105.00 to $115.00 in a report on Tuesday, June 30th. Finally, Deutsche Bank raised their price target on shares of Xilinx from $90.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $104.32.
Shares of NASDAQ:XLNX opened at $107.35 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.40 and a current ratio of 2.68. The firm has a fifty day moving average price of $97.54 and a 200 day moving average price of $89.41. Xilinx, Inc. has a fifty-two week low of $67.68 and a fifty-two week high of $119.78. The firm has a market cap of $26.11 billion, a price-to-earnings ratio of 41.93, a P/E/G ratio of 4.20 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 Zacks’ consensus estimate of $0.63 by ($0.25). Xilinx had a return on equity of 29.97% and a net margin of 21.22%. The company had revenue of $726.67 million for the quarter, compared to the consensus estimate of $727.22 million. As a group, research analysts predict that Xilinx, Inc. will post 2.84 earnings per share for the current year.
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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