Rothschild Asset Management Inc. decreased its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 9.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,711 shares of the programmable devices maker’s stock after selling 765 shares during the period. Rothschild Asset Management Inc.’s holdings in Xilinx were worth $496,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of XLNX. TrimTabs Asset Management LLC boosted its position 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 in the last quarter. Whittier Trust Co. raised 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 last quarter. O Shaughnessy Asset Management LLC raised 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 last quarter. First Mercantile Trust Co. raised 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 last quarter. Finally, Huntington National Bank raised its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ XLNX) opened at 62.42 on Friday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 26.68 and a beta of 1.09. Xilinx, Inc. has a one year low of $48.75 and a one year high of $68.68. The firm’s 50-day moving average is $64.80 and its 200-day moving average is $61.97.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 26.58% and a net margin of 27.17%. Xilinx’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Equities research analysts forecast that Xilinx, Inc. will post $2.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
Several research firms have recently commented on XLNX. Raymond James Financial, Inc. reaffirmed a “mkt perform” rating on shares of Xilinx in a research report on Friday, June 16th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and set a $69.00 price target (up previously from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $72.00 price target on shares of Xilinx in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $64.57.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the sale, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the sale, the insider now owns 12,387 shares of the company’s stock, valued at $785,088.06. The disclosure for this sale can be found here. Insiders sold 38,531 shares of company stock valued at $2,461,740 over the last 90 days. Company insiders own 0.40% of the company’s stock.
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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