Federated Investors Inc. PA cut its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 1.8% in the 3rd quarter, Holdings Channel reports. The fund owned 239,544 shares of the programmable devices maker’s stock after selling 4,485 shares during the period. Federated Investors Inc. PA’s holdings in Xilinx were worth $19,204,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Reynders McVeigh Capital Management LLC boosted its position in shares of Xilinx by 4.1% in the third quarter. Reynders McVeigh Capital Management LLC now owns 170,610 shares of the programmable devices maker’s stock worth $13,678,000 after buying an additional 6,666 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Xilinx in the third quarter worth about $1,833,000. Morgan Stanley boosted its holdings in Xilinx by 2.2% in the third quarter. Morgan Stanley now owns 3,687,383 shares of the programmable devices maker’s stock valued at $295,618,000 after purchasing an additional 79,444 shares during the last quarter. Legal & General Group Plc boosted its holdings in Xilinx by 1.1% in the third quarter. Legal & General Group Plc now owns 1,491,471 shares of the programmable devices maker’s stock valued at $119,503,000 after purchasing an additional 16,546 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Xilinx by 121.1% in the third quarter. Neuberger Berman Group LLC now owns 672,130 shares of the programmable devices maker’s stock valued at $53,885,000 after purchasing an additional 368,108 shares during the last quarter. Institutional investors own 88.08% of the company’s stock.
In related news, insider Vincent Tong sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the sale, the insider now directly owns 30,223 shares in the company, valued at approximately $2,550,216.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $746.25 million for the quarter, compared to analysts’ expectations of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. As a group, research analysts expect that Xilinx, Inc. will post 3.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, November 9th. Xilinx’s payout ratio is 50.88%.
A number of brokerages recently commented on XLNX. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Friday, October 26th. William Blair initiated coverage on Xilinx in a research note on Friday, October 26th. They set a “market perform” rating on the stock. KeyCorp upped their price objective on Xilinx from $90.00 to $100.00 in a research note on Sunday, December 9th. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. Finally, BMO Capital Markets upped their price objective on Xilinx from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $82.95.
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.
Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).
Receive News & Ratings for Xilinx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx and related companies with MarketBeat.com's FREE daily email newsletter.