Trillium Asset Management LLC Has $11,788,000 Stake in Xilinx Inc. (XLNX)
Trillium Asset Management LLC raised its stake in shares of Xilinx Inc. (NASDAQ:XLNX) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 255,547 shares of the programmable devices maker’s stock after buying an additional 9,228 shares during the period. Trillium Asset Management LLC’s holdings in Xilinx were worth $11,788,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Creative Planning increased its stake 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. Invictus RG boosted 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 in the last quarter. Smith Moore & CO. purchased a new position in shares of Xilinx during the first quarter valued at about $262,000. Cullinan Associates Inc. boosted its position in shares of Xilinx by 3.5% in the second quarter. Cullinan Associates Inc. now owns 5,850 shares of the programmable devices maker’s stock valued at $270,000 after buying an additional 200 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Xilinx during the first quarter valued at about $369,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.
Shares of Xilinx Inc. (NASDAQ:XLNX) traded up 0.66% during mid-day trading on Wednesday, reaching $53.41. 1,914,876 shares of the company’s stock traded hands. Xilinx Inc. has a 1-year low of $40.44 and a 1-year high of $55.49. The company has a market capitalization of $13.54 billion, a P/E ratio of 25.32 and a beta of 1.30. The firm has a 50-day moving average price of $53.45 and a 200-day moving average price of $48.55.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. The firm had revenue of $574.90 million for the quarter, compared to analysts’ expectations of $571.06 million. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. Xilinx’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, equities research analysts forecast that Xilinx Inc. will post $2.22 earnings per share for the current fiscal year.
XLNX has been the topic of several recent research reports. Pacific Crest boosted their price objective on shares of Xilinx from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, August 18th. Wells Fargo & Co. reissued a “buy” rating on shares of Xilinx in a research note on Wednesday, July 6th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, September 20th. BMO Capital Markets reissued a “buy” rating and issued a $60.00 price objective on shares of Xilinx in a research note on Thursday, July 28th. Finally, Morgan Stanley boosted their price objective on shares of Xilinx from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $50.09.
In other Xilinx news, CEO Moshe Gavrielov sold 11,500 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $54.75, for a total transaction of $629,625.00. Following the completion of the sale, the chief executive officer now directly owns 344,310 shares in the company, valued at approximately $18,850,972.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven L. Glaser sold 4,742 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $51.59, for a total value of $244,639.78. Following the sale, the insider now owns 15,376 shares of the company’s stock, valued at $793,247.84. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
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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