Tredje AP fonden grew its stake in Xilinx, Inc. (NASDAQ:XLNX) by 48.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,770 shares of the programmable devices maker’s stock after purchasing an additional 11,000 shares during the period. Tredje AP fonden’s holdings in Xilinx were worth $2,392,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in Xilinx in the 2nd quarter worth $103,000. Sun Life Financial INC grew its position in Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after purchasing an additional 1,798 shares during the last quarter. Pictet North America Advisors SA acquired a new stake in shares of Xilinx during the 3rd quarter valued at about $207,000. Banque Pictet & Cie SA acquired a new stake in shares of Xilinx during the 3rd quarter valued at about $207,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Xilinx by 46.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after acquiring an additional 936 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.
XLNX has been the topic of several recent research reports. BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. SunTrust Banks reiterated a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. MKM Partners lifted their price target on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a report on Sunday, October 8th. Finally, KeyCorp set a $78.00 price target on shares of Xilinx and gave the company a “buy” rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $69.73.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The business had revenue of $620.00 million during the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. Xilinx’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. analysts predict that Xilinx, Inc. will post 2.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 14th. Xilinx’s dividend payout ratio (DPR) is 59.07%.
In related news, CEO Moshe Gavrielov sold 121,400 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $70.73, for a total transaction of $8,586,622.00. Following the completion of the transaction, the chief executive officer now owns 164,304 shares in the company, valued at $11,621,221.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.00, for a total transaction of $1,800,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,127 shares of company stock valued at $15,135,685. 0.40% of the stock is currently owned by insiders.
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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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