First Quadrant L P CA held its stake in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted 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 during the period. Whittier Trust Co. boosted 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 during the period. O Shaughnessy Asset Management LLC boosted its stake 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 period. First Mercantile Trust Co. boosted its stake 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 period. Finally, Harfst & Associates Inc. acquired a new stake in Xilinx during the first quarter valued at $201,000. Institutional investors and hedge funds own 92.39% of the company’s stock.
Xilinx, Inc. (NASDAQ XLNX) traded down 0.49% during mid-day trading on Friday, hitting $61.02. The company’s stock had a trading volume of 1,686,112 shares. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $68.68. The firm’s 50-day moving average is $64.24 and its 200-day moving average is $62.10. The company has a market cap of $15.17 billion, a P/E ratio of 26.08 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Analysts predict that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is currently 60.09%.
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Several equities research analysts have weighed in on XLNX shares. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Friday, April 28th. Vetr upgraded Xilinx from a “hold” rating to a “buy” rating and set a $65.52 price objective for the company in a report on Tuesday, May 2nd. Credit Suisse Group reiterated a “buy” rating on shares of Xilinx in a report on Wednesday, May 24th. Jefferies Group LLC upgraded Xilinx from a “hold” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $77.00 in a report on Monday, July 10th. Finally, BidaskClub cut Xilinx from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $64.57.
In other news, 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 transaction of $754,930.31. Following the sale, the senior vice president now directly owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the sale, the chief financial officer now directly owns 19,058 shares in the company, valued at $1,270,978.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,931 shares of company stock worth $2,422,890. Corporate insiders own 0.40% of the company’s stock.
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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