SG Americas Securities LLC lowered its stake in Xilinx, Inc. (NASDAQ:XLNX) by 90.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,268 shares of the programmable devices maker’s stock after selling 273,843 shares during the period. SG Americas Securities LLC’s holdings in Xilinx were worth $1,883,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wisconsin Investment Board increased its position in shares of Xilinx by 20.3% in the second quarter. State of Wisconsin Investment Board now owns 287,504 shares of the programmable devices maker’s stock valued at $18,492,000 after buying an additional 48,605 shares during the last quarter. LMR Partners LLP bought a new position in shares of Xilinx during the second quarter valued at approximately $2,516,000. Trillium Asset Management LLC increased its position in shares of Xilinx by 1.0% in the second quarter. Trillium Asset Management LLC now owns 130,314 shares of the programmable devices maker’s stock valued at $8,382,000 after buying an additional 1,264 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Xilinx by 17.9% in the second quarter. Advisors Asset Management Inc. now owns 98,195 shares of the programmable devices maker’s stock valued at $6,316,000 after buying an additional 14,902 shares during the last quarter. Finally, Dividend Assets Capital LLC bought a new position in shares of Xilinx during the second quarter valued at approximately $24,263,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xilinx, Inc. (NASDAQ XLNX) opened at 64.75 on Friday. The company has a 50-day moving average price of $64.09 and a 200-day moving average price of $62.28. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68. The company has a market capitalization of $16.10 billion, a price-to-earnings ratio of 27.67 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share 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 firm had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter in the prior year, the company earned $0.61 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be given a $0.35 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.16%. Xilinx’s payout ratio is presently 60.09%.
Several brokerages have commented on XLNX. BidaskClub downgraded Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Vetr downgraded Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 target price on the stock. in a report on Monday, August 7th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, August 1st. Credit Suisse Group set a $75.00 target price on Xilinx and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Barclays PLC set a $65.00 target price on Xilinx and gave the stock a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Xilinx presently has a consensus rating of “Hold” and an average price target of $64.57.
In other 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 value of $640,224.00. Following the completion of the sale, the chief financial officer now owns 19,058 shares of the company’s stock, valued at approximately $1,270,978.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly 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. Insiders sold a total of 37,531 shares of company stock valued at $2,395,798 in the last ninety days. Corporate 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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