Institute for Wealth Management LLC. increased its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,723 shares of the programmable devices maker’s stock after acquiring an additional 335 shares during the period. Institute for Wealth Management LLC.’s holdings in Xilinx were worth $1,264,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of XLNX. Dimensional Fund Advisors LP grew its stake in shares of Xilinx by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,002,227 shares of the programmable devices maker’s stock valued at $85,360,000 after purchasing an additional 28,286 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Xilinx by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 3,888,197 shares of the programmable devices maker’s stock valued at $330,672,000 after purchasing an additional 453,619 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Xilinx in the first quarter valued at approximately $375,000. Raymond James Trust N.A. bought a new position in Xilinx in the first quarter valued at approximately $447,000. Finally, Pennsylvania Trust Co bought a new position in Xilinx in the first quarter valued at approximately $2,848,000. Institutional investors and hedge funds own 85.81% of the company’s stock.
XLNX has been the topic of a number of recent research reports. SunTrust Banks raised their price objective on shares of Xilinx to $126.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Barclays cut their target price on shares of Xilinx from $130.00 to $105.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a report on Saturday, July 27th. Credit Suisse Group increased their target price on shares of Xilinx from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets cut their target price on shares of Xilinx from $125.00 to $115.00 and set a “market perform” rating on the stock in a report on Wednesday, May 15th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $119.52.
Shares of NASDAQ:XLNX traded up $1.66 during midday trading on Friday, reaching $105.46. 2,531,400 shares of the company were exchanged, compared to its average volume of 3,854,010. Xilinx, Inc. has a fifty-two week low of $68.76 and a fifty-two week high of $141.60. The company has a quick ratio of 6.54, a current ratio of 7.22 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $115.93 and a two-hundred day simple moving average of $117.66. The firm has a market cap of $26.22 billion, a PE ratio of 30.30, a P/E/G ratio of 2.29 and a beta of 1.23.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 24th. The programmable devices maker reported $0.97 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $849.76 million. During the same period last year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. As a group, analysts forecast that Xilinx, Inc. will post 3.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Wednesday, August 7th will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Xilinx’s payout ratio is 42.53%.
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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