Candriam Luxembourg S.C.A. cut its stake in Xilinx, Inc. (NASDAQ:XLNX) by 57.4% during the second quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Profund Advisors LLC raised its stake in shares of Xilinx by 13.5% in the first quarter. Profund Advisors LLC now owns 61,368 shares of the programmable devices maker’s stock valued at $3,553,000 after buying an additional 7,298 shares during the period. Korea Investment CORP raised its stake in shares of Xilinx by 3.4% in the first quarter. Korea Investment CORP now owns 160,872 shares of the programmable devices maker’s stock valued at $9,313,000 after buying an additional 5,273 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Xilinx by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,734 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 172 shares during the period. Nationwide Fund Advisors raised its stake in shares of Xilinx by 86.1% in the first quarter. Nationwide Fund Advisors now owns 222,164 shares of the programmable devices maker’s stock valued at $12,861,000 after buying an additional 102,779 shares during the period. Finally, Westwood Management Corp IL bought a new stake in shares of Xilinx during the first quarter valued at approximately $579,000. Institutional investors and hedge funds own 92.39% of the company’s stock.
Xilinx, Inc. (NASDAQ XLNX) traded up 0.11% during midday trading on Wednesday, reaching $62.71. 1,622,208 shares of the company were exchanged. The firm has a 50-day moving average price of $64.54 and a 200-day moving average price of $62.09. The company has a market capitalization of $15.59 billion, a PE ratio of 26.80 and a beta of 1.09. Xilinx, Inc. has a 52 week low of $48.75 and a 52 week high of $68.68.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
Several analysts have commented on the stock. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Vetr lowered shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price objective for the company. in a report on Monday, June 26th. Wells Fargo & Company lowered shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a report on Tuesday, May 23rd. Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $53.00 to $60.00 in a report on Tuesday, July 18th. Finally, Pacific Crest restated an “overweight” rating and issued a $70.00 price objective on shares of Xilinx in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $64.57.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the sale, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 37,931 shares of company stock valued at $2,422,890 in the last quarter. 0.40% of the stock is currently owned by company insiders.
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.
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