Systematic Financial Management LP Has $12,073,000 Position in Xilinx, Inc. (XLNX)
Systematic Financial Management LP lowered its position in Xilinx, Inc. (NASDAQ:XLNX) by 46.2% during the fourth quarter, Holdings Channel reports. The fund owned 199,979 shares of the programmable devices maker’s stock after selling 171,689 shares during the period. Systematic Financial Management LP’s holdings in Xilinx were worth $12,073,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC increased its stake in shares of Xilinx by 95.3% in the third quarter. Penserra Capital Management LLC now owns 2,779 shares of the programmable devices maker’s stock worth $150,000 after buying an additional 1,356 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Xilinx by 33.0% in the third quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the programmable devices maker’s stock worth $168,000 after buying an additional 766 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Xilinx during the fourth quarter worth $200,000. Seaward Management Limited Partnership acquired a new stake in shares of Xilinx during the third quarter worth $215,000. Finally, Stock Yards Bank & Trust Co. acquired a new stake in shares of Xilinx during the third quarter worth $217,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down 0.45% during trading on Friday, reaching $59.34. 756,183 shares of the company traded hands. Xilinx, Inc. has a 12-month low of $41.53 and a 12-month high of $62.24. The stock has a market capitalization of $14.77 billion, a P/E ratio of 26.03 and a beta of 1.15. The firm’s 50 day moving average is $58.56 and its 200-day moving average is $54.57.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, January 25th. The programmable devices maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm earned $586 million during the quarter, compared to the consensus estimate of $579.58 million. Xilinx had a net margin of 26.58% and a return on equity of 23.89%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, equities research analysts anticipate that Xilinx, Inc. will post $2.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Wednesday, February 8th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, February 6th. Xilinx’s dividend payout ratio (DPR) is 57.89%.
This article was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this article can be read at http://www.dailypolitical.com/2017/02/17/systematic-financial-management-lp-has-12073000-position-in-xilinx-inc-xlnx.html.
A number of analysts have weighed in on XLNX shares. Evercore ISI started coverage on Xilinx in a report on Wednesday, December 14th. They set a “buy” rating and a $70.00 price target for the company. Argus increased their price target on Xilinx from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, December 30th. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, January 24th. Barclays PLC increased their price target on Xilinx from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, October 20th. Finally, Deutsche Bank AG increased their price target on Xilinx from $49.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, January 23rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.28.
In other news, Director John Michael Patterson sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $59.04, for a total transaction of $354,240.00. Following the completion of the transaction, the director now directly owns 20,164 shares of the company’s stock, valued at $1,190,482.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Moshe Gavrielov sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $59.83, for a total transaction of $2,991,500.00. Following the transaction, the chief executive officer now directly owns 329,806 shares of the company’s stock, valued at $19,732,292.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,400 shares of company stock valued at $3,422,362. 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.
Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).
Receive News & Ratings for Xilinx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.