Sarasin & Partners LLP lessened its stake in Xilinx, Inc. (NASDAQ:XLNX) by 52.4% during the third quarter, Holdings Channel reports. The firm owned 18,194 shares of the programmable devices maker’s stock after selling 20,050 shares during the period. Sarasin & Partners LLP’s holdings in Xilinx were worth $1,897,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in Xilinx by 10.8% during the second quarter. Advisors Asset Management Inc. now owns 40,292 shares of the programmable devices maker’s stock worth $3,964,000 after acquiring an additional 3,915 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Xilinx by 74.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 48,065 shares of the programmable devices maker’s stock worth $4,729,000 after acquiring an additional 20,572 shares during the period. Trust Co. of Toledo NA OH lifted its holdings in Xilinx by 3.3% during the third quarter. Trust Co. of Toledo NA OH now owns 21,983 shares of the programmable devices maker’s stock worth $2,291,000 after acquiring an additional 705 shares during the period. Dupont Capital Management Corp bought a new stake in Xilinx during the second quarter worth $609,000. Finally, New Mexico Educational Retirement Board lifted its holdings in Xilinx by 15.3% during the third quarter. New Mexico Educational Retirement Board now owns 19,545 shares of the programmable devices maker’s stock worth $1,874,000 after acquiring an additional 2,600 shares during the period. Institutional investors own 84.50% of the company’s stock.
Shares of NASDAQ XLNX traded up $0.17 during mid-day trading on Tuesday, hitting $131.48. The company had a trading volume of 26,078 shares, compared to its average volume of 3,391,875. The company has a market capitalization of $32.18 billion, a price-to-earnings ratio of 51.29, a P/E/G ratio of 4.45 and a beta of 0.96. Xilinx, Inc. has a 1 year low of $67.68 and a 1 year high of $136.50. The company has a current ratio of 3.50, a quick ratio of 3.22 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $117.39 and its 200-day moving average price is $102.29.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 21st. The programmable devices maker reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. Xilinx had a return on equity of 30.66% and a net margin of 21.22%. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, equities research analysts forecast that Xilinx, Inc. will post 2.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, November 9th. Xilinx’s payout ratio is 45.37%.
A number of brokerages recently commented on XLNX. BMO Capital Markets lifted their price target on Xilinx from $90.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Xilinx in a research report on Friday, July 31st. 140166 reissued a “neutral” rating and issued a $140.00 target price on shares of Xilinx in a research report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft raised their target price on Xilinx from $100.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Finally, Mizuho raised their target price on Xilinx from $94.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company’s stock. Xilinx currently has an average rating of “Hold” and a consensus price target of $111.14.
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. The company offers 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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