Commerzbank Aktiengesellschaft FI lifted its position in Xilinx, Inc. (NASDAQ:XLNX) by 24.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,812 shares of the programmable devices maker’s stock after purchasing an additional 2,905 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Xilinx were worth $1,049,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of XLNX. Acrospire Investment Management LLC bought a new stake in shares of Xilinx in the second quarter worth about $103,000. Sun Life Financial INC increased its holdings in shares of Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after purchasing an additional 1,798 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Xilinx by 46.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after purchasing an additional 936 shares during the last quarter. Comerica Securities Inc. bought a new stake in shares of Xilinx in the second quarter worth about $202,000. Finally, Sterling Capital Management LLC bought a new stake in shares of Xilinx in the second quarter worth about $203,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.
Xilinx, Inc. (XLNX) opened at $69.00 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. The company has a market capitalization of $17,170.20, a P/E ratio of 28.87, a PEG ratio of 2.83 and a beta of 1.07. Xilinx, Inc. has a 52 week low of $54.99 and a 52 week high of $75.14.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $620.00 million during the quarter, compared to analyst estimates of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. Xilinx’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. sell-side analysts forecast that Xilinx, Inc. will post 2.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.03%. Xilinx’s payout ratio is 59.07%.
Several brokerages have recently issued reports on XLNX. BidaskClub cut Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 target price on shares of Xilinx in a report on Wednesday, October 18th. SunTrust Banks reissued a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. MKM Partners boosted their price objective on Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research note on Sunday, October 8th. Finally, Robert W. Baird reissued a “hold” rating and set a $68.00 price objective on shares of Xilinx in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $69.73.
In related news, insider Victor Peng sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $72.00, for a total value of $1,800,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $72.20, for a total value of $180,500.00. The disclosure for this sale can be found here. Insiders sold 213,127 shares of company stock valued at $15,135,685 in the last quarter. 0.40% of the stock is owned by company insiders.
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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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