Candriam Luxembourg S.C.A. lowered its stake in Xilinx, Inc. (NASDAQ:XLNX) by 57.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,979 shares of the programmable devices maker’s stock after selling 153,461 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Xilinx were worth $7,331,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its position in Xilinx by 29.3% in the second quarter. Stratos Wealth Partners LTD. now owns 7,136 shares of the programmable devices maker’s stock valued at $459,000 after buying an additional 1,617 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Xilinx by 72.9% in the second quarter. Daiwa Securities Group Inc. now owns 12,450 shares of the programmable devices maker’s stock valued at $801,000 after buying an additional 5,250 shares during the last quarter. CIBC Asset Management Inc increased its position in Xilinx by 2.5% in the second quarter. CIBC Asset Management Inc now owns 36,125 shares of the programmable devices maker’s stock valued at $2,324,000 after buying an additional 869 shares during the last quarter. Klingenstein Fields & Co. LLC increased its position in Xilinx by 184.3% in the second quarter. Klingenstein Fields & Co. LLC now owns 51,019 shares of the programmable devices maker’s stock valued at $3,282,000 after buying an additional 33,075 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Xilinx by 5.6% in the second quarter. Janney Montgomery Scott LLC now owns 23,636 shares of the programmable devices maker’s stock valued at $1,520,000 after buying an additional 1,247 shares during the last quarter. Institutional investors own 94.06% of the company’s stock.
Shares of Xilinx, Inc. (XLNX) opened at 63.28 on Friday. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68. The firm has a market cap of $15.73 billion, a PE ratio of 27.04 and a beta of 1.09. The stock has a 50 day moving average price of $65.39 and a 200-day moving average price of $61.78.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, equities analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. Xilinx’s payout ratio is currently 60.09%.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/06/xilinx-inc-xlnx-stake-decreased-by-candriam-luxembourg-s-c-a.html.
Several research analysts have commented on the company. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, August 1st. Vetr upgraded Xilinx from a “buy” rating to a “strong-buy” rating and set a $70.95 price objective on the stock in a report on Tuesday, August 1st. Credit Suisse Group set a $75.00 price objective on Xilinx and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub downgraded Xilinx from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Barclays PLC set a $65.00 price objective on Xilinx and gave the stock a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Xilinx presently has an average rating of “Hold” and an average price target of $64.57.
In related news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the transaction, the insider now owns 12,387 shares in the company, valued at $785,088.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,531 shares of company stock valued at $4,990,413. Insiders own 0.40% of the company’s stock.
Xilinx Company Profile
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.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
