Short Interest in Xilinx Inc. (XLNX) Increases By 15.7%
Xilinx Inc. (NASDAQ:XLNX) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 11,356,153 shares, an increase of 15.7% from the August 15th total of 9,818,530 shares. Based on an average daily volume of 2,164,992 shares, the days-to-cover ratio is presently 5.2 days. Approximately 4.5% of the company’s shares are short sold.
In other Xilinx news, CEO Moshe Gavrielov sold 4,812 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $54.73, for a total transaction of $263,360.76. Following the completion of the sale, the chief executive officer now owns 356,622 shares in the company, valued at $19,517,922.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marshall C. Turner sold 16,000 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $50.00, for a total value of $800,000.00. Following the sale, the director now owns 49,384 shares of the company’s stock, valued at approximately $2,469,200. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in Xilinx by 21.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,297 shares of the programmable devices maker’s stock valued at $106,000 after buying an additional 407 shares during the period. Pinkerton Retirement Specialists LLC acquired a new position in Xilinx during the second quarter valued at approximately $119,000. Compagnie Lombard Odier SCmA increased its position in Xilinx by 12.4% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,822 shares of the programmable devices maker’s stock valued at $130,000 after buying an additional 312 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in Xilinx by 94.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,186 shares of the programmable devices maker’s stock valued at $147,000 after buying an additional 1,548 shares during the period. Finally, Creative Planning increased its position in Xilinx by 2.4% in the second quarter. Creative Planning now owns 3,472 shares of the programmable devices maker’s stock valued at $160,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 91.38% of the company’s stock.
Shares of Xilinx (NASDAQ:XLNX) opened at 52.93 on Wednesday. The firm’s 50-day moving average price is $52.93 and its 200 day moving average price is $48.08. Xilinx has a 12 month low of $40.44 and a 12 month high of $54.82. The firm has a market capitalization of $13.42 billion, a P/E ratio of 25.10 and a beta of 1.33.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Analysts anticipate that Xilinx will post $2.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Thursday, August 11th were paid a $0.33 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $1.32 annualized dividend and a dividend yield of 2.49%. Xilinx’s dividend payout ratio (DPR) is 62.26%.
A number of analysts have weighed in on XLNX shares. Wells Fargo & Co. restated a “buy” rating on shares of Xilinx in a report on Wednesday, July 6th. Morgan Stanley upped their target price on Xilinx from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, July 28th. Citigroup Inc. upped their target price on Xilinx from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Pacific Crest restated an “overweight” rating and set a $55.00 target price on shares of Xilinx in a report on Wednesday, May 25th. Finally, Jefferies Group upped their target price on Xilinx from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $50.09.
Xilinx, Inc (Xilinx) designs and develops programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores.
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