Cambridge Investment Research Advisors Inc. decreased its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,719 shares of the programmable devices maker’s stock after selling 712 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Xilinx were worth $972,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Notis McConarty Edward raised its holdings in Xilinx by 0.3% in the 2nd quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock valued at $1,328,000 after acquiring an additional 60 shares during the last quarter. Seaward Management Limited Partnership increased its holdings in shares of 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. increased its holdings in shares of 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. ING Groep NV boosted its position in shares of 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 purchasing an additional 93 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Xilinx by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the programmable devices maker’s stock worth $991,000 after purchasing an additional 100 shares during the period. Institutional investors own 96.51% of the company’s stock.
In related news, CEO Moshe Gavrielov sold 25,000 shares of Xilinx stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total value of $1,744,000.00. Following the completion of the transaction, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at $18,894,914.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lorenzo Flores sold 2,828 shares of Xilinx stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the completion of the transaction, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The disclosure for this sale can be found here. Insiders sold a total of 213,127 shares of company stock worth $15,135,685 in the last 90 days. 0.40% of the stock is owned by corporate insiders.
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Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $620.00 million for the quarter, compared to analyst estimates of $620.99 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Xilinx’s revenue was up 7.1% compared to the same quarter last year. analysts expect that Xilinx, Inc. will post 2.59 EPS for the current fiscal year.
The company also recently announced 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 is Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. Xilinx’s dividend payout ratio is presently 59.07%.
XLNX has been the subject of several recent research reports. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, August 1st. Credit Suisse Group reissued an “outperform” rating on shares of Xilinx in a research report on Thursday, August 31st. Deutsche Bank AG raised their price target on shares of Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. MKM Partners raised their price target on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research report on Sunday, October 8th. Finally, KeyCorp set a $78.00 price objective on shares of Xilinx and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price 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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