Dorsey Wright & Associates purchased a new stake in Xilinx, Inc. (NASDAQ:XLNX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,572 shares of the programmable devices maker’s stock, valued at approximately $4,637,000. Xilinx comprises 1.1% of Dorsey Wright & Associates’ holdings, making the stock its 25th largest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors acquired a new position in shares of Xilinx during the 3rd quarter worth approximately $621,654,000. Oregon Public Employees Retirement Fund grew its position in shares of Xilinx by 12,987.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,595,886 shares of the programmable devices maker’s stock worth $89,000 after purchasing an additional 7,537,845 shares in the last quarter. FMR LLC grew its position in shares of Xilinx by 629.8% during the 4th quarter. FMR LLC now owns 4,579,088 shares of the programmable devices maker’s stock worth $390,001,000 after purchasing an additional 3,951,683 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Xilinx by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 4,425,463 shares of the programmable devices maker’s stock worth $376,918,000 after purchasing an additional 116,032 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Xilinx by 13.2% during the 4th quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock worth $330,672,000 after purchasing an additional 453,619 shares in the last quarter. Institutional investors and hedge funds own 88.50% of the company’s stock.
A number of research analysts have issued reports on the stock. KeyCorp restated a “positive” rating and set a $145.00 target price (up previously from $140.00) on shares of Xilinx in a research report on Tuesday. Nomura began coverage on shares of Xilinx in a research report on Tuesday. They set a “neutral” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Thursday. BMO Capital Markets lowered shares of Xilinx from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $100.00 to $125.00 in a research report on Monday, March 4th. Finally, Mizuho increased their price target on shares of Xilinx from $107.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $106.09.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 23rd. The programmable devices maker reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The business had revenue of $800.00 million during the quarter, compared to the consensus estimate of $770.65 million. Xilinx had a net margin of 27.92% and a return on equity of 34.82%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, analysts expect that Xilinx, Inc. will post 3.47 EPS for the current year.
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Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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