Joel Isaacson & Co. LLC Maintains Position in Xilinx, Inc. (NASDAQ:XLNX)
Joel Isaacson & Co. LLC maintained its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,500 shares of the programmable devices maker’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in Xilinx were worth $225,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Global X Management Co. LLC boosted its stake in shares of Xilinx by 24.0% in the second quarter. Global X Management Co. LLC now owns 8,401 shares of the programmable devices maker’s stock worth $540,000 after buying an additional 1,628 shares during the period. Seaward Management Limited Partnership boosted its stake in shares of Xilinx by 2.1% in the second quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after buying an additional 83 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of Xilinx by 48.2% in the second quarter. Pictet Asset Management Ltd. now owns 1,373,503 shares of the programmable devices maker’s stock worth $91,627,000 after buying an additional 446,609 shares during the period. TD Asset Management Inc. boosted its stake in shares of Xilinx by 50.5% in the second quarter. TD Asset Management Inc. now owns 272,969 shares of the programmable devices maker’s stock worth $17,557,000 after buying an additional 91,538 shares during the period. Finally, Cambridge Trust Co. purchased a new stake in shares of Xilinx during the second quarter worth approximately $6,900,000. 94.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at 62.74 on Thursday. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 26.81 and a beta of 1.09. The firm has a 50 day moving average price of $65.04 and a 200 day moving average price of $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 quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Equities analysts forecast that Xilinx, Inc. will post $2.54 EPS for the current year.
The company also recently declared 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 dividend on an annualized basis 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 have commented on XLNX. Vetr cut Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 price objective for the company. in a research note on Monday. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Tuesday, August 1st. Credit Suisse Group set a $75.00 price objective on Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub cut Xilinx from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Barclays PLC set a $65.00 price objective on Xilinx and gave the company a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. Xilinx has an average rating of “Hold” and an average price target of $64.57.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s 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 transaction, the senior vice president now directly owns 41,869 shares in the company, valued at approximately $2,602,995.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the completion of the transaction, the insider now owns 12,387 shares in the company, valued at $785,088.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,531 shares of company stock worth $2,461,740. Company insiders own 0.40% of the company’s stock.
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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