First Merchants Corp raised its stake in Xilinx, Inc. (NASDAQ:XLNX) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,779 shares of the programmable devices maker’s stock after acquiring an additional 1,487 shares during the quarter. First Merchants Corp’s holdings in Xilinx were worth $1,896,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Xilinx by 743.4% in the second quarter. Janus Henderson Group PLC now owns 7,287,938 shares of the programmable devices maker’s stock valued at $468,770,000 after purchasing an additional 6,423,813 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after purchasing an additional 1,619,600 shares during the last quarter. American Century Companies Inc. increased its stake in Xilinx by 104.8% in the second quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after purchasing an additional 1,603,850 shares during the last quarter. Renaissance Technologies LLC increased its stake in Xilinx by 427.3% in the second quarter. Renaissance Technologies LLC now owns 1,520,605 shares of the programmable devices maker’s stock valued at $97,805,000 after purchasing an additional 1,232,206 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in Xilinx by 67.6% in the third quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock valued at $163,044,000 after purchasing an additional 928,405 shares during the last quarter. 97.28% of the stock is owned by institutional investors.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up $0.32 during trading on Friday, hitting $72.80. The stock had a trading volume of 2,209,420 shares, compared to its average volume of 2,115,157. The firm has a market capitalization of $18,269.38, a price-to-earnings ratio of 30.72, a PEG ratio of 3.01 and a beta of 1.10. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The company had revenue of $620.00 million during the quarter, compared to analysts’ expectations of $620.99 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. equities research analysts predict that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.92%. Xilinx’s dividend payout ratio (DPR) is 59.07%.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, October 27th. Deutsche Bank AG upped their target price on Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Robert W. Baird reiterated a “hold” rating and issued a $68.00 target price on shares of Xilinx in a research note on Friday, October 27th. Mizuho reiterated a “neutral” rating and issued a $69.00 target price (up from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Finally, Barclays PLC boosted their price target on Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. Xilinx currently has a consensus rating of “Hold” and a consensus price target of $69.73.
In other news, CEO Moshe Gavrielov sold 1,400 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $73.38, for a total value of $102,732.00. Following the completion of the sale, the chief executive officer now owns 111,413 shares of the company’s stock, valued at approximately $8,175,485.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 182,799 shares of company stock valued at $12,945,262 in the last ninety days. 0.40% of the stock is owned by corporate insiders.
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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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