ING Groep NV Cuts Stake in Xilinx Inc. (XLNX)
ING Groep NV lowered its stake in Xilinx Inc. (NASDAQ:XLNX) by 36.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,026 shares of the programmable devices maker’s stock after selling 5,695 shares during the period. ING Groep NV’s holdings in Xilinx were worth $462,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. 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 last quarter. Invictus RG increased its stake 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 worth $171,000 after buying an additional 2,917 shares in the last quarter. Smith Moore & CO. acquired a new stake in shares of Xilinx during the first quarter worth approximately $262,000. Cullinan Associates Inc. increased its stake 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 worth $270,000 after buying an additional 200 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Xilinx during the first quarter worth approximately $369,000. 91.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Xilinx Inc. (NASDAQ:XLNX) traded down 1.29% during trading on Monday, reaching $52.21. The company had a trading volume of 2,554,720 shares. The firm has a 50-day moving average of $53.53 and a 200-day moving average of $48.66. Xilinx Inc. has a 12-month low of $40.44 and a 12-month high of $55.49. The company has a market cap of $13.23 billion, a P/E ratio of 24.76 and a beta of 1.30.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The company had revenue of $574.90 million for 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 firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, equities research analysts anticipate that Xilinx Inc. will post $2.22 EPS for the current year.
XLNX has been the subject of a number of recent analyst reports. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, September 20th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Xilinx in a research report on Wednesday, July 6th. Jefferies Group lifted their price objective on Xilinx from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. MKM Partners lifted their price objective on Xilinx from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, August 31st. Finally, Morgan Stanley lifted their price objective on Xilinx from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.09.
In related news, Director Marshall C. Turner sold 16,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the completion of the sale, the director now owns 49,384 shares in the company, valued at $2,469,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Krishna Rangasayee sold 14,821 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $51.75, for a total transaction of $766,986.75. Following the completion of the sale, the insider now owns 30,186 shares of the company’s stock, valued at approximately $1,562,125.50. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.
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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