Klingenstein Fields & Co. LLC boosted its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 38.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,619 shares of the programmable devices maker’s stock after acquiring an additional 19,600 shares during the period. Klingenstein Fields & Co. LLC’s holdings in Xilinx were worth $5,002,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in Xilinx by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after purchasing an additional 60 shares during the period. Notis McConarty Edward raised its position in Xilinx by 0.3% during the 2nd quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after buying an additional 60 shares during the last quarter. Seaward Management Limited Partnership raised its position in Xilinx by 2.1% during the 2nd quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Xilinx by 2.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock worth $267,000 after buying an additional 87 shares during the last quarter. Finally, ING Groep NV raised its position in Xilinx by 0.3% during the 2nd quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock worth $1,973,000 after buying an additional 93 shares during the last quarter. Institutional investors own 96.75% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up $1.38 during mid-day trading on Monday, hitting $74.18. The stock had a trading volume of 1,732,167 shares, compared to its average volume of 2,149,229. The company has a market capitalization of $18,269.37, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The company had revenue of $620.00 million during the quarter, compared to analyst estimates of $620.99 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. sell-side analysts predict that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.35 per share. 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 1.89%. Xilinx’s dividend payout ratio (DPR) is presently 59.07%.
In other news, CEO Moshe Gavrielov sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the transaction, the chief executive officer now directly owns 270,856 shares in the company, valued at $18,894,914.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 182,799 shares of company stock valued at $12,945,262. Corporate insiders own 0.40% of the company’s stock.
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A number of brokerages have commented on XLNX. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reiterated a “hold” rating and issued a $68.00 price target on shares of Xilinx in a report on Friday, October 27th. Barclays PLC increased their price target on shares of Xilinx from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank AG raised their target price on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets restated a “buy” rating and set a $80.00 target price on shares of Xilinx in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and a consensus price target of $69.73.
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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