Concert Wealth Management Inc. Acquires 1,563 Shares of Xilinx Inc. (XLNX)
Concert Wealth Management Inc. boosted its position in Xilinx Inc. (NASDAQ:XLNX) by 13.2% during the second quarter, Holdings Channel reports. The institutional investor owned 13,409 shares of the programmable devices maker’s stock after buying an additional 1,563 shares during the period. Concert Wealth Management Inc.’s holdings in Xilinx were worth $620,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of XLNX. 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 worth $160,000 after buying an additional 81 shares in the last quarter. Invictus RG increased its stake in 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. Quantitative Systematic Strategies LLC purchased a new stake in Xilinx during the second quarter worth $240,000. Smith Moore & CO. purchased a new stake in Xilinx during the first quarter worth $262,000. Finally, Cullinan Associates Inc. increased its stake in 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. 91.37% of the stock is owned by institutional investors.
Xilinx Inc. (NASDAQ:XLNX) traded down 1.69% during midday trading on Wednesday, hitting $50.13. The stock had a trading volume of 2,643,377 shares. The company has a market cap of $12.71 billion, a P/E ratio of 23.77 and a beta of 1.30. The firm’s 50-day moving average price is $53.42 and its 200 day moving average price is $48.73. Xilinx Inc. has a 12 month low of $40.44 and a 12 month high of $55.49.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Xilinx had a return on equity of 21.83% and a net margin of 25.28%. The business had revenue of $574.90 million for the quarter, compared to analyst estimates of $571.06 million. During the same period last year, the company earned $0.55 EPS. Xilinx’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts expect that Xilinx Inc. will post $2.22 earnings per share for the current fiscal year.
XLNX has been the subject of a number of research reports. Robert W. Baird reissued a “buy” rating and set a $52.00 target price on shares of Xilinx in a report on Friday, June 17th. Wells Fargo & Co. restated a “buy” rating on shares of Xilinx in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Friday, July 29th. BMO Capital Markets restated a “buy” rating and issued a $60.00 price target on shares of Xilinx in a research report on Thursday, July 28th. Finally, Morgan Stanley raised their price target on Xilinx from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Xilinx has a consensus rating of “Hold” and a consensus target price of $50.09.
In related news, Director Marshall C. Turner sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $50.00, for a total transaction of $800,000.00. Following the transaction, the director now directly owns 49,384 shares in the company, valued at approximately $2,469,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Victor Peng sold 15,284 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $53.07, for a total value of $811,121.88. Following the transaction, the insider now owns 44,812 shares in the company, valued at $2,378,172.84. The disclosure for this sale can be found here. Corporate 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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