Meitav Dash Investments Ltd. increased its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,031 shares of the programmable devices maker’s stock after acquiring an additional 895 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Xilinx were worth $1,085,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alliancebernstein L.P. lifted its stake in shares of Xilinx by 67.4% in the first quarter. Alliancebernstein L.P. now owns 9,157,951 shares of the programmable devices maker’s stock valued at $713,771,000 after buying an additional 3,688,343 shares in the last quarter. Matrix Capital Management Company LP lifted its stake in shares of Xilinx by 343.0% in the first quarter. Matrix Capital Management Company LP now owns 2,215,000 shares of the programmable devices maker’s stock valued at $172,637,000 after buying an additional 1,715,000 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in shares of Xilinx in the first quarter valued at $111,886,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Xilinx by 50.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,370,510 shares of the programmable devices maker’s stock valued at $331,624,000 after purchasing an additional 1,127,401 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Xilinx by 20.1% during the first quarter. Janus Henderson Group PLC now owns 4,871,932 shares of the programmable devices maker’s stock valued at $379,715,000 after purchasing an additional 816,360 shares in the last quarter. 82.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of XLNX traded down $1.05 during mid-day trading on Thursday, reaching $101.34. The company’s stock had a trading volume of 44,133 shares, compared to its average volume of 2,523,746. The stock has a market cap of $25.22 billion, a PE ratio of 39.52, a P/E/G ratio of 3.92 and a beta of 0.98. The company has a current ratio of 3.50, a quick ratio of 3.22 and a debt-to-equity ratio of 0.64. Xilinx, Inc. has a 52 week low of $67.68 and a 52 week high of $112.17. The company’s fifty day moving average price is $102.76 and its two-hundred day moving average price is $90.01.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data 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). The business had revenue of $726.67 million during the quarter, compared to the consensus estimate of $727.22 million. Xilinx had a return on equity of 30.66% and a net margin of 21.22%. Research analysts anticipate that Xilinx, Inc. will post 2.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.50%. Xilinx’s payout ratio is 45.37%.
In related news, Director Marshall C. Turner sold 7,060 shares of Xilinx stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $95.37, for a total value of $673,312.20. Following the transaction, the director now directly owns 41,502 shares of the company’s stock, valued at $3,958,045.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William Christopher Madden sold 1,192 shares of Xilinx stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $97.10, for a total transaction of $115,743.20. Following the completion of the transaction, the executive vice president now directly owns 15,268 shares in the company, valued at $1,482,522.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,075 shares of company stock valued at $2,206,255. Company insiders own 0.20% of the company’s stock.
A number of research firms recently issued reports on XLNX. JPMorgan Chase & Co. raised their price objective on shares of Xilinx from $85.00 to $88.00 and gave the stock an “underweight” rating in a report on Tuesday, June 30th. Needham & Company LLC restated a “hold” rating on shares of Xilinx in a report on Friday, July 31st. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Saturday, July 4th. Deutsche Bank lifted their target price on shares of Xilinx from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Co lifted their target price on shares of Xilinx from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $104.32.
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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