Xilinx, Inc. (XLNX) Stake Held by Pioneer Investment Management Inc.
Pioneer Investment Management Inc. held its position in shares of Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,888 shares of the programmable devices maker’s stock at the end of the second quarter. Pioneer Investment Management Inc.’s holdings in Xilinx were worth $22,955,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealthsource Partners LLC increased its position in shares of Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 40 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Xilinx by 0.9% in the first quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock valued at $409,000 after buying an additional 60 shares during the last quarter. Notis McConarty Edward increased its position in shares of Xilinx by 0.3% in the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock valued at $1,328,000 after buying an additional 60 shares during the last quarter. Capital Advantage Inc. increased its position in shares of Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock valued at $384,000 after buying an additional 75 shares during the last quarter. Finally, ING Groep NV increased its position in shares of Xilinx by 0.3% in the second quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock valued at $1,973,000 after buying an additional 93 shares during the last quarter. 94.61% of the stock is owned by hedge funds and other institutional investors.
Xilinx, Inc. (XLNX) opened at 62.74 on Thursday. 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 12-month low of $48.75 and a 12-month high of $68.68. The stock has a market cap of $15.60 billion, a PE ratio of 26.81 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. During the same period last year, the business earned $0.61 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts forecast that Xilinx, Inc. will post $2.54 EPS for the current fiscal 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
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Several research analysts recently weighed in on the stock. Jefferies Group LLC boosted their target price on shares of Xilinx from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Pacific Crest reaffirmed an “overweight” rating and set a $70.00 price objective on shares of Xilinx in a research note on Monday, May 8th. Instinet upped their price objective on shares of Xilinx from $45.00 to $50.00 and gave the company a “reduce” rating in a research note on Wednesday, May 24th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets upped their price objective on shares of Xilinx from $66.00 to $71.00 and gave the company an “outperform” rating in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.57.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total value of $1,000,643.44. Following the transaction, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 38,531 shares of company stock valued at $2,461,740 over the last ninety days. Company 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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