Commonwealth Bank of Australia reduced its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,186 shares of the programmable devices maker’s stock after selling 143 shares during the quarter. Commonwealth Bank of Australia’s holdings in Xilinx were worth $1,169,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of XLNX. TrimTabs Asset Management LLC grew its position in shares of Xilinx by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Xilinx by 9,866.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the period. Huntington National Bank grew its position in shares of Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares during the period. Harfst & Associates Inc. purchased a new stake in shares of Xilinx in the 1st quarter worth about $201,000. Finally, Regentatlantic Capital LLC purchased a new stake in shares of Xilinx in the 2nd quarter worth about $219,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the sale, the insider now owns 12,387 shares in the company, valued at $785,088.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
XLNX has been the topic of a number of recent research reports. Wells Fargo & Company downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research report on Tuesday, May 23rd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Pacific Crest reaffirmed an “overweight” rating and issued a $70.00 target price on shares of Xilinx in a research report on Wednesday, June 21st. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price on the stock in a research report on Monday, June 19th. Finally, BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.57.
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Xilinx, Inc. (XLNX) opened at 68.33 on Friday. The company has a market cap of $16.99 billion, a PE ratio of 29.20 and a beta of 1.08. The firm’s 50-day moving average is $63.93 and its 200 day moving average is $62.94. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $68.75.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Analysts predict that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. Xilinx’s payout ratio is 60.09%.
Xilinx Company Profile
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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