Royal Bank of Canada decreased its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 31.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,921 shares of the programmable devices maker’s stock after selling 130,216 shares during the quarter. Royal Bank of Canada owned approximately 0.11% of Xilinx worth $20,872,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC lifted its stake in shares of Xilinx by 16.6% during the 1st quarter. Penserra Capital Management LLC now owns 5,548 shares of the programmable devices maker’s stock valued at $400,000 after buying an additional 788 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Xilinx by 1.4% in the 1st quarter. Engineers Gate Manager LP now owns 60,704 shares of the programmable devices maker’s stock worth $4,385,000 after purchasing an additional 842 shares in the last quarter. Koch Industries Inc. lifted its stake in Xilinx by 6.8% in the 1st quarter. Koch Industries Inc. now owns 14,065 shares of the programmable devices maker’s stock worth $1,016,000 after purchasing an additional 898 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Xilinx by 2.3% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 39,514 shares of the programmable devices maker’s stock worth $2,854,000 after purchasing an additional 900 shares in the last quarter. Finally, Hall Laurie J Trustee lifted its stake in Xilinx by 3.4% in the 1st quarter. Hall Laurie J Trustee now owns 28,585 shares of the programmable devices maker’s stock worth $2,065,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.
Several brokerages have commented on XLNX. JPMorgan Chase & Co. boosted their price target on shares of Xilinx from $68.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, April 26th. BidaskClub cut shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Saturday, April 7th. SunTrust Banks decreased their price target on shares of Xilinx to $72.00 and set a “hold” rating on the stock in a research note on Thursday, April 26th. Finally, KeyCorp decreased their price target on shares of Xilinx from $87.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, April 26th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $74.31.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, April 25th. The programmable devices maker reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Xilinx had a net margin of 20.18% and a return on equity of 29.98%. The firm had revenue of $673.00 million for the quarter, compared to the consensus estimate of $650.29 million. During the same period in the previous year, the firm posted $0.57 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. equities analysts forecast that Xilinx, Inc. will post 2.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Tuesday, May 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.21%. This is an increase from Xilinx’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, May 14th.
Xilinx Company Profile
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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