Canada Pension Plan Investment Board Boosts Position in Xilinx, Inc. (XLNX)
Canada Pension Plan Investment Board boosted its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 779.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,827,386 shares of the programmable devices maker’s stock after buying an additional 1,619,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Xilinx were worth $117,537,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Korea Investment CORP raised its stake in Xilinx by 3.4% in the first quarter. Korea Investment CORP now owns 160,872 shares of the programmable devices maker’s stock valued at $9,313,000 after buying an additional 5,273 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Xilinx by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,734 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 172 shares in the last quarter. Nationwide Fund Advisors raised its stake in Xilinx by 86.1% in the first quarter. Nationwide Fund Advisors now owns 222,164 shares of the programmable devices maker’s stock valued at $12,861,000 after buying an additional 102,779 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Xilinx by 130.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 267,440 shares of the programmable devices maker’s stock valued at $15,483,000 after buying an additional 151,142 shares in the last quarter. Finally, Westwood Management Corp IL purchased a new stake in Xilinx during the first quarter valued at about $579,000. 94.61% of the stock is currently owned by institutional investors and hedge funds.
Xilinx, Inc. (XLNX) opened at 62.74 on Thursday. The company has a market cap of $15.60 billion, a PE ratio of 26.81 and a beta of 1.09. The company’s 50-day moving average price is $65.04 and its 200 day moving average price is $61.94. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.23%. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.
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A number of brokerages recently commented on XLNX. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Vetr downgraded Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price objective for the company. in a research note on Monday, June 26th. Wells Fargo & Company downgraded Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a research note on Tuesday, May 23rd. Barclays PLC upgraded Xilinx from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $53.00 to $60.00 in a research note on Tuesday, July 18th. Finally, Pacific Crest restated an “overweight” rating and set a $70.00 price objective on shares of Xilinx in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and an average price target of $64.57.
In related news, CEO Moshe Gavrielov sold 600 shares of Xilinx stock in a transaction on Monday, May 15th. The stock was sold at an average price of $64.75, for a total transaction of $38,850.00. Following the completion of the sale, the chief executive officer now directly owns 235,766 shares of the company’s stock, valued at $15,265,848.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx 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 of the company’s stock, valued at $2,602,995.73. The disclosure for this sale can be found here. Insiders sold a total of 38,531 shares of company stock valued at $2,461,740 over the last three months. 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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