Alps Advisors Inc. increased its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 24.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,868 shares of the programmable devices maker’s stock after buying an additional 1,741 shares during the period. Alps Advisors Inc.’s holdings in Xilinx were worth $628,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Acrospire Investment Management LLC purchased a new position in shares of Xilinx in the second quarter worth about $103,000. Sun Life Financial INC increased its stake 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 in the last quarter. Huntington National Bank increased its stake in shares of Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after purchasing an additional 1,913 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 in the last quarter. Finally, Comerica Securities Inc. purchased a new position in shares of Xilinx in the second quarter worth about $202,000. Hedge funds and other institutional investors own 96.11% of the company’s stock.
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In other news, CEO Moshe Gavrielov sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $73.38, for a total value of $102,732.00. Following the completion of the sale, the chief executive officer now directly owns 111,413 shares in the company, valued at approximately $8,175,485.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total transaction of $209,922.44. Following the completion of the sale, the chief financial officer now owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,627 shares of company stock valued at $13,155,185. Company insiders own 0.40% of the company’s stock.
XLNX has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, October 27th. MKM Partners lifted their target price on shares of Xilinx from $63.00 to $78.00 and gave the stock a “neutral” rating in a research note on Sunday, October 8th. Credit Suisse Group set a $75.00 target price on shares of Xilinx and gave the stock a “buy” rating in a research note on Thursday, July 27th. Barclays PLC set a $65.00 target price on shares of Xilinx and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, BidaskClub downgraded shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.73.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down $0.28 during trading on Wednesday, reaching $72.05. 992,100 shares of the company’s stock traded hands, compared to its average volume of 2,682,938. Xilinx, Inc. has a twelve month low of $52.54 and a twelve month high of $75.14. The company has a market capitalization of $18,151.42, a price-to-earnings ratio of 30.52, a PEG ratio of 2.99 and a beta of 1.10. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70.
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, beating the 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 during the quarter, compared to analyst estimates of $620.99 million. During the same period in the previous year, the business posted $0.61 earnings per share. Xilinx’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts anticipate that Xilinx, Inc. will post 2.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. Xilinx’s payout ratio is 59.07%.
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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