Rothschild Asset Management Inc. Has $496,000 Position in Xilinx, Inc. (NASDAQ:XLNX)
Rothschild Asset Management Inc. cut its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 7,711 shares of the programmable devices maker’s stock after selling 765 shares during the period. Rothschild Asset Management Inc.’s holdings in Xilinx were worth $496,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Nationwide Fund Advisors boosted its stake in shares of 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Xilinx by 89.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 121,781 shares of the programmable devices maker’s stock valued at $7,059,000 after buying an additional 57,381 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Xilinx by 21.3% in the second quarter. Copeland Capital Management LLC now owns 176,969 shares of the programmable devices maker’s stock valued at $11,383,000 after buying an additional 31,101 shares during the last quarter. Finally, Henderson Group PLC boosted its stake in shares of Xilinx by 315.0% in the first quarter. Henderson Group PLC now owns 864,125 shares of the programmable devices maker’s stock valued at $50,011,000 after buying an additional 655,915 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.
Xilinx, Inc. (NASDAQ:XLNX) opened at 62.42 on Friday. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $68.68. The company’s 50-day moving average price is $64.80 and its 200 day moving average price is $61.97. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 26.68 and a beta of 1.09.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 26.58% and a net margin of 27.17%. The firm had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors 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 2.24%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is currently 60.09%.
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Several analysts have issued reports on XLNX shares. Vetr upgraded Xilinx from a “hold” rating to a “buy” rating and set a $65.52 target price for the company in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, August 1st. Morgan Stanley upped their target price on Xilinx from $67.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Credit Suisse Group set a $75.00 target price on Xilinx and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Pacific Crest restated an “overweight” rating and issued a $70.00 target price on shares of Xilinx in a report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $64.57.
In related news, 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 transaction, the senior vice president now owns 41,869 shares in the company, valued at $2,602,995.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of Xilinx stock in a transaction on 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 completion of the transaction, the insider now owns 12,387 shares in the company, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders sold 38,531 shares of company stock worth $2,461,740 in the last quarter. 0.40% of the stock is owned by 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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