Xilinx Inc. (XLNX) Position Lowered by Nationwide Fund Advisors
Nationwide Fund Advisors cut its stake in shares of Xilinx Inc. (NASDAQ:XLNX) by 70.8% during the second quarter, Holdings Channel reports. The institutional investor owned 168,770 shares of the programmable devices maker’s stock after selling 409,052 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Xilinx worth $7,785,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of XLNX. Creative Planning increased its position in shares of 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. Invictus RG increased its position in shares of Xilinx by 427.7% in the first quarter. Invictus RG now owns 3,599 shares of the programmable devices maker’s stock valued at $171,000 after buying an additional 2,917 shares during the period. Partnervest Advisory Services LLC bought a new position in shares of Xilinx during the second quarter valued at about $222,000. Quantitative Systematic Strategies LLC bought a new position in shares of Xilinx during the second quarter valued at about $240,000. Finally, Delaney Dennis R increased its position in shares of Xilinx by 10.7% in the second quarter. Delaney Dennis R now owns 5,330 shares of the programmable devices maker’s stock valued at $246,000 after buying an additional 515 shares during the period. Institutional investors own 91.37% of the company’s stock.
Xilinx Inc. (NASDAQ:XLNX) traded down 0.24% during trading on Friday, reaching $53.31. The company’s stock had a trading volume of 457,313 shares. Xilinx Inc. has a 12 month low of $40.44 and a 12 month high of $54.82. The company’s 50-day moving average is $53.08 and its 200-day moving average is $48.16. The stock has a market cap of $13.51 billion, a PE ratio of 25.28 and a beta of 1.33.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 27th. The programmable devices maker reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The firm earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. Equities analysts expect that Xilinx Inc. will post $2.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Thursday, August 11th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 9th. This represents a $1.32 annualized dividend and a dividend yield of 2.47%. Xilinx’s dividend payout ratio is 62.26%.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday. MKM Partners upped their price target on shares of Xilinx from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 31st. Pacific Crest upped their price target on shares of Xilinx from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. BMO Capital Markets reiterated a “buy” rating and set a $60.00 price target on shares of Xilinx in a research report on Thursday, July 28th. Finally, Morgan Stanley upped their price target on shares of Xilinx from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.09.
In other news, insider Vincent Tong sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $51.79, for a total transaction of $4,143,200.00. Following the completion of the sale, the insider now owns 107,879 shares in the company, valued at $5,587,053.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Marshall C. Turner sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were 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. Insiders own 0.52% of the company’s stock.
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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