Xilinx, Inc. (NASDAQ:XLNX) Stake Lowered by Advisor Partners LLC
Advisor Partners LLC cut its stake in Xilinx, Inc. (NASDAQ:XLNX) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 5,820 shares of the programmable devices maker’s stock after selling 519 shares during the period. Advisor Partners LLC’s holdings in Xilinx were worth $374,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in XLNX. TrimTabs Asset Management LLC boosted its stake 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 valued at $115,000 after buying an additional 936 shares during the period. Whittier Trust Co. boosted its stake in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares during the period. O Shaughnessy Asset Management LLC boosted its stake 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 valued at $156,000 after buying an additional 2,664 shares during the period. First Mercantile Trust Co. boosted its stake 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 valued at $174,000 after buying an additional 324 shares during the period. Finally, Huntington National Bank boosted its stake in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the period. Institutional investors own 94.61% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) opened at 62.74 on Thursday. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68. The firm’s 50-day moving average is $65.04 and its 200-day moving average is $61.94. The firm has a market cap of $15.60 billion, a PE ratio of 26.81 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. Xilinx’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
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Several analysts have recently commented on the stock. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Xilinx in a research note on Friday, June 16th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho restated a “neutral” rating and issued a $69.00 target price (up previously from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Vetr upgraded shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price for the company in a research note on Monday, June 19th. Finally, Morgan Stanley restated an “overweight” rating and issued a $72.00 target price on shares of Xilinx in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Xilinx presently has an average rating of “Hold” and a consensus price target of $64.57.
In other Xilinx news, CFO Lorenzo Flores sold 9,600 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $66.69, for a total value of $640,224.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of 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. 0.40% of the stock is owned by corporate 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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