Pendal Group Ltd lifted its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 45.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,197 shares of the programmable devices maker’s stock after buying an additional 31,151 shares during the period. Pendal Group Ltd’s holdings in Xilinx were worth $11,677,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in XLNX. Shamrock Asset Management LLC acquired a new stake in Xilinx during the 1st quarter worth about $25,000. Jackson Grant Investment Advisers Inc. bought a new position in Xilinx in the 1st quarter valued at about $25,000. CWM LLC lifted its position in shares of Xilinx by 225.0% during the 1st quarter. CWM LLC now owns 221 shares of the programmable devices maker’s stock worth $28,000 after buying an additional 153 shares in the last quarter. Lenox Wealth Advisors LLC bought a new position in shares of Xilinx during the 2nd quarter worth approximately $33,000. Finally, Strategy Asset Managers LLC bought a new position in shares of Xilinx during the 1st quarter worth approximately $38,000. Institutional investors own 85.81% of the company’s stock.
In related news, VP Catia Hagopian sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the transaction, the vice president now owns 16,674 shares in the company, valued at $2,000,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William Christopher Madden sold 435 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $105.69, for a total transaction of $45,975.15. Following the sale, the executive vice president now directly owns 4,809 shares in the company, valued at approximately $508,263.21. The disclosure for this sale can be found here. Insiders have sold 20,821 shares of company stock worth $2,377,587 in the last quarter. 0.19% of the stock is owned by corporate insiders.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 24th. The programmable devices maker reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. Xilinx had a net margin of 29.19% and a return on equity of 35.99%. The business had revenue of $849.60 million during the quarter, compared to the consensus estimate of $849.76 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities analysts forecast that Xilinx, Inc. will post 3.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, August 6th. Xilinx’s dividend payout ratio is currently 42.53%.
Several equities analysts have commented on XLNX shares. Needham & Company LLC cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Cowen reissued a “market perform” rating and set a $120.00 target price (down previously from $130.00) on shares of Xilinx in a research report on Thursday, April 25th. MKM Partners raised their price target on shares of Xilinx to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Mizuho raised their price target on shares of Xilinx from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank decreased their price target on shares of Xilinx from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Xilinx has a consensus rating of “Hold” and a consensus price target of $119.52.
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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