Xilinx, Inc. (XLNX) Position Maintained by Logan Capital Management Inc.
Logan Capital Management Inc. held its position in Xilinx, Inc. (NASDAQ:XLNX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,200 shares of the programmable devices maker’s stock at the end of the first quarter. Logan Capital Management Inc.’s holdings in Xilinx were worth $243,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Xilinx during the fourth quarter valued at about $4,579,000. Comerica Bank boosted its stake in shares of Xilinx by 3.1% in the fourth quarter. Comerica Bank now owns 65,283 shares of the programmable devices maker’s stock valued at $3,820,000 after buying an additional 1,991 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Xilinx during the fourth quarter valued at $295,000. Employees Retirement System of Texas boosted its stake in shares of Xilinx by 9.5% in the fourth quarter. Employees Retirement System of Texas now owns 23,000 shares of the programmable devices maker’s stock valued at $1,389,000 after buying an additional 2,000 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its stake in shares of Xilinx by 77.2% in the fourth quarter. Tudor Investment Corp Et Al now owns 15,810 shares of the programmable devices maker’s stock valued at $954,000 after buying an additional 6,886 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up 0.813% on Friday, hitting $67.121. 682,567 shares of the stock were exchanged. Xilinx, Inc. has a one year low of $43.50 and a one year high of $68.55. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 28.931 and a beta of 1.09. The firm’s 50 day moving average price is $65.30 and its 200 day moving average price is $60.29.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, April 26th. The programmable devices maker reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $609.50 million for the quarter, compared to analysts’ expectations of $605.25 million. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Equities analysts anticipate that Xilinx, Inc. will post $2.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Tuesday, May 16th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. This is a boost from Xilinx’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 12th. Xilinx’s dividend payout ratio (DPR) is presently 60.61%.
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Several brokerages have weighed in on XLNX. Pacific Crest reissued an “overweight” rating and set a $70.00 price objective on shares of Xilinx in a research note on Wednesday. Vetr upgraded Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a report on Monday. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Xilinx in a report on Friday, June 16th. Morgan Stanley reiterated an “overweight” rating and issued a $72.00 price target on shares of Xilinx in a report on Monday, June 12th. Finally, Instinet upped their target price on Xilinx from $45.00 to $50.00 and gave the stock a “reduce” rating in a report on Wednesday, May 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $62.47.
In related news, insider Krishna Rangasayee sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $64.89, for a total transaction of $973,350.00. Following the completion of the sale, the insider now directly owns 15,555 shares in the company, valued at $1,009,363.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Moshe Gavrielov sold 25,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $64.08, for a total transaction of $1,627,632.00. Following the sale, the chief executive officer now owns 282,466 shares of the company’s stock, valued at $18,100,421.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,000 shares of company stock valued at $4,862,471. Corporate insiders own 0.40% 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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