Xilinx, Inc. (NASDAQ:XLNX) Shares Bought by Hemenway Trust Co LLC
Hemenway Trust Co LLC increased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 109,241 shares of the programmable devices maker’s stock after buying an additional 8,240 shares during the period. Xilinx accounts for approximately 1.6% of Hemenway Trust Co LLC’s holdings, making the stock its 28th largest position. Hemenway Trust Co LLC’s holdings in Xilinx were worth $7,026,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Page Arthur B boosted its position in shares of Xilinx by 2.5% in the second quarter. Page Arthur B now owns 32,255 shares of the programmable devices maker’s stock worth $2,075,000 after buying an additional 795 shares during the period. Highland Capital Management LLC acquired a new position in shares of Xilinx during the second quarter worth $520,000. Sit Investment Associates Inc. boosted its position in shares of Xilinx by 13.7% in the second quarter. Sit Investment Associates Inc. now owns 154,885 shares of the programmable devices maker’s stock worth $9,962,000 after buying an additional 18,610 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in shares of Xilinx during the second quarter worth $1,478,000. Finally, Patten & Patten Inc. TN acquired a new position in shares of Xilinx during the second quarter worth $744,000. 94.20% of the stock is currently owned by institutional investors and hedge funds.
Xilinx, Inc. (NASDAQ:XLNX) traded down 0.57% during mid-day trading on Monday, reaching $64.51. 447,829 shares of the company’s stock traded hands. The stock has a market capitalization of $16.00 billion, a PE ratio of 27.81 and a beta of 1.10. Xilinx, Inc. has a 12 month low of $47.53 and a 12 month high of $68.68. The firm’s 50-day moving average price is $65.98 and its 200 day moving average price is $61.44.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $609.50 million during the quarter, compared to analysts’ expectations of $605.25 million. Xilinx had a return on equity of 24.41% and a net margin of 26.50%. Xilinx’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. Equities research analysts predict that Xilinx, Inc. will post $2.49 EPS for the current year.
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A number of brokerages have weighed in on XLNX. Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Jefferies Group LLC raised shares of Xilinx from a “hold” rating to a “buy” rating and lifted their price target for the company from $68.00 to $77.00 in a research report on Monday, July 10th. BidaskClub cut shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Vetr reaffirmed a “hold” rating on shares of Xilinx in a research report on Thursday. Finally, Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Xilinx presently has a consensus rating of “Hold” and an average price target of $63.27.
In related news, CEO Moshe Gavrielov sold 25,400 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $64.08, for a total value of $1,627,632.00. Following the completion of the transaction, the chief executive officer now directly owns 282,466 shares of the company’s stock, valued at $18,100,421.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Krishna Rangasayee sold 15,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $64.89, for a total value of $973,350.00. Following the transaction, the insider now owns 15,555 shares of the company’s stock, valued at $1,009,363.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,000 shares of company stock valued at $4,862,471. 0.40% of the stock is owned by company insiders.
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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