Hussman Strategic Advisors Inc. Continues to Hold Stake in Xilinx, Inc. (XLNX)
Hussman Strategic Advisors Inc. held its position in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, Holdings Channel reports. The firm owned 75,000 shares of the programmable devices maker’s stock at the end of the second quarter. Xilinx accounts for 1.1% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 28th largest position. Hussman Strategic Advisors Inc.’s holdings in Xilinx were worth $4,824,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares in the last quarter. Whittier Trust Co. raised its position in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares in the last quarter. First Mercantile Trust Co. raised its position in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares in the last quarter. Finally, Huntington National Bank raised its position in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after buying an additional 1,913 shares in the last quarter. 94.61% of the stock is owned by institutional investors and hedge funds.
Xilinx, Inc. (NASDAQ XLNX) opened at 63.28 on Monday. The stock has a market capitalization of $15.73 billion, a P/E ratio of 27.04 and a beta of 1.09. The stock has a 50 day moving average of $65.39 and a 200 day moving average of $61.78. Xilinx, Inc. has a 52 week low of $48.75 and a 52 week high of $68.68.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. Xilinx’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.
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A number of equities analysts have recently weighed in on the stock. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Xilinx in a research report on Friday, June 16th. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and set a $69.00 price target (up previously from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target for the company in a research report on Monday, June 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $72.00 price target on shares of Xilinx in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.57.
In other news, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the sale, the chief financial officer now directly owns 19,058 shares of the company’s stock, valued at approximately $1,270,978.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the sale, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,231 shares of company stock worth $3,025,929. 0.40% of the stock is currently 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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