Comerica Bank grew its position in Xilinx, Inc. (NASDAQ:XLNX) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 63,404 shares of the programmable devices maker’s stock after acquiring an additional 1,898 shares during the period. Comerica Bank’s holdings in Xilinx were worth $4,659,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in XLNX. Ark Investment Management LLC raised its holdings in shares of Xilinx by 112.1% in the 2nd quarter. Ark Investment Management LLC now owns 173,041 shares of the programmable devices maker’s stock valued at $11,130,000 after purchasing an additional 91,460 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Xilinx in the 2nd quarter valued at $203,000. Public Employees Retirement System of Ohio raised its holdings in shares of Xilinx by 16.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 110,309 shares of the programmable devices maker’s stock valued at $7,095,000 after purchasing an additional 15,231 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Xilinx by 5.9% in the 2nd quarter. Advisory Services Network LLC now owns 4,459 shares of the programmable devices maker’s stock valued at $287,000 after purchasing an additional 248 shares in the last quarter. Finally, Sentry Investment Management LLC raised its holdings in shares of Xilinx by 0.8% in the 2nd quarter. Sentry Investment Management LLC now owns 18,963 shares of the programmable devices maker’s stock valued at $1,220,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) opened at $66.86 on Thursday. The company has a quick ratio of 8.59, a current ratio of 9.08 and a debt-to-equity ratio of 0.73. The company has a market cap of $17,040.00, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 3.37 and a beta of 1.13. Xilinx, Inc. has a one year low of $54.99 and a one year high of $77.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Wednesday, February 7th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. Xilinx’s dividend payout ratio is presently 73.68%.
A number of brokerages have recently weighed in on XLNX. JPMorgan Chase & Co. raised their price objective on shares of Xilinx from $67.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. KeyCorp restated an “overweight” rating and issued a $87.00 price objective (up from $78.00) on shares of Xilinx in a report on Tuesday, January 23rd. Wells Fargo & Co lifted their price target on shares of Xilinx from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Mizuho reiterated a “buy” rating and set a $74.00 price target (up from $69.00) on shares of Xilinx in a research note on Thursday, January 25th. Finally, Bank of America lifted their price target on shares of Xilinx from $61.00 to $70.00 and gave the stock an “underperform” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $73.45.
In other Xilinx news, CEO Moshe Gavrielov sold 20,000 shares of Xilinx stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $75.81, for a total value of $1,516,200.00. Following the transaction, the chief executive officer now directly owns 62,813 shares in the company, valued at $4,761,853.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Scott Hover-Smoot sold 4,300 shares of Xilinx stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the completion of the transaction, the senior vice president now owns 37,569 shares in the company, valued at $2,694,448.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,987 shares of company stock worth $3,271,984. 0.40% of the stock is currently owned by company insiders.
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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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