First Quadrant L P CA continued to hold its stake in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the programmable devices maker’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Xilinx were worth $322,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its stake in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after buying an additional 936 shares in the last quarter. Whittier Trust Co. raised its stake in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after buying an additional 2,664 shares during the last quarter. First Mercantile Trust Co. increased its position in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock valued at $174,000 after buying an additional 324 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Xilinx during the first quarter valued at $201,000. 94.61% of the stock is owned by institutional investors.
Shares of Xilinx, Inc. (NASDAQ XLNX) traded up 1.05% during trading on Friday, hitting $62.42. The stock had a trading volume of 2,039,090 shares. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68. The company’s 50 day moving average price is $64.80 and its 200 day moving average price is $61.97. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 26.68 and a beta of 1.09.
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 Thomson Reuters’ 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 company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. During the same quarter in the prior year, the business earned $0.61 EPS. Xilinx’s revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.24%. Xilinx’s payout ratio is currently 60.09%.
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Several research firms have weighed in on XLNX. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho restated a “neutral” rating and issued a $69.00 price target (up from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Vetr upgraded Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research note on Monday, June 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $72.00 price target on shares of Xilinx in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.57.
In other news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the transaction, the insider now owns 12,387 shares in the company, valued at approximately $785,088.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, 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. In the last quarter, insiders sold 38,531 shares of company stock worth $2,461,740. Company insiders own 0.40% of the company’s stock.
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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