MARSHALL WACE ASIA Ltd raised its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 29.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 205,454 shares of the programmable devices maker’s stock after buying an additional 46,688 shares during the period. MARSHALL WACE ASIA Ltd owned 0.08% of Xilinx worth $13,150,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Tocqueville Asset Management L.P. boosted its stake in Xilinx by 1,281.9% in the second quarter. Tocqueville Asset Management L.P. now owns 66,525 shares of the programmable devices maker’s stock worth $4,279,000 after buying an additional 61,711 shares during the period. Columbus Circle Investors bought a new position in shares of Xilinx during the second quarter worth $1,311,000. State Board of Administration of Florida Retirement System raised its position in shares of Xilinx by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 372,293 shares of the programmable devices maker’s stock worth $23,946,000 after buying an additional 1,838 shares in the last quarter. KBC Group NV raised its position in shares of Xilinx by 31.2% in the second quarter. KBC Group NV now owns 30,949 shares of the programmable devices maker’s stock worth $1,991,000 after buying an additional 7,359 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Xilinx by 3.8% in the second quarter. Legal & General Group Plc now owns 1,234,090 shares of the programmable devices maker’s stock worth $79,376,000 after buying an additional 44,736 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) traded up 0.82% during mid-day trading on Tuesday, hitting $61.63. 78,930 shares of the stock traded hands. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68. The stock’s 50 day moving average is $64.15 and its 200-day moving average is $62.18. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 26.34 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $615.40 million for 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current year.
The company also recently disclosed 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. This represents a $1.40 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
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A number of brokerages recently weighed in on XLNX. BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday. Vetr lowered shares of Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 price target on the stock. in a research note on Monday, August 7th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, August 1st. Credit Suisse Group set a $75.00 price target on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC set a $65.00 price target on shares of Xilinx and gave the company a “hold” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. Xilinx presently has a consensus rating of “Hold” and a consensus price target of $64.57.
In related news, CFO Lorenzo Flores sold 9,600 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $66.69, for a total transaction of $640,224.00. Following the transaction, the chief financial officer now owns 19,058 shares of the company’s stock, valued at $1,270,978.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the company’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 transaction, the senior vice president now directly owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. Insiders have sold 37,531 shares of company stock worth $2,395,798 in the last three months. Insiders own 0.40% of the company’s stock.
About Xilinx
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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