Xilinx, Inc. (XLNX) Holdings Trimmed by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans lessened its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 57.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 291,187 shares of the programmable devices maker’s stock after selling 397,918 shares during the period. Thrivent Financial For Lutherans owned about 0.12% of Xilinx worth $18,729,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. ProShare Advisors LLC raised its stake in shares of Xilinx by 22.1% in the 2nd quarter. ProShare Advisors LLC now owns 112,403 shares of the programmable devices maker’s stock valued at $7,230,000 after acquiring an additional 20,379 shares during the period. Profund Advisors LLC raised its stake in shares of Xilinx by 14.1% in the 2nd quarter. Profund Advisors LLC now owns 70,029 shares of the programmable devices maker’s stock valued at $4,504,000 after acquiring an additional 8,661 shares during the period. Laurion Capital Management LP purchased a new position in shares of Xilinx in the 2nd quarter valued at $3,113,000. BlueMountain Capital Management LLC raised its stake in shares of Xilinx by 350.9% in the 2nd quarter. BlueMountain Capital Management LLC now owns 38,413 shares of the programmable devices maker’s stock valued at $2,471,000 after acquiring an additional 29,893 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Xilinx by 60.9% in the 2nd quarter. Amalgamated Bank now owns 29,373 shares of the programmable devices maker’s stock valued at $1,889,000 after acquiring an additional 11,117 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on XLNX. Vetr downgraded shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price on the stock. in a research note on Monday, June 26th. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Wells Fargo & Company downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research note on Tuesday, May 23rd. Credit Suisse Group reissued an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $64.57.
Xilinx, Inc. (NASDAQ:XLNX) opened at 69.82 on Wednesday. The firm’s 50-day moving average is $64.29 and its 200 day moving average is $63.15. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 29.84 and a beta of 1.08. Xilinx, Inc. has a one year low of $48.75 and a one year high of $70.33.
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, topping the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Xilinx’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.
In related news, CEO Moshe Gavrielov sold 25,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the transaction, the chief executive officer now owns 270,856 shares of the company’s stock, valued at $18,894,914.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction on 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 directly owns 41,869 shares in the company, valued at approximately $2,602,995.73. The disclosure for this sale can be found here. Insiders have sold 52,931 shares of company stock worth $3,499,574 in the last ninety days. 0.40% of the stock is currently 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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