Xilinx, Inc. (XLNX) Stake Raised by Neuberger Berman Group LLC
Neuberger Berman Group LLC grew its stake in Xilinx, Inc. (NASDAQ:XLNX) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,909 shares of the programmable devices maker’s stock after purchasing an additional 251 shares during the quarter. Neuberger Berman Group LLC’s holdings in Xilinx were worth $895,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Xilinx by 12.9% in the 2nd quarter. Pacer Advisors Inc. now owns 8,538 shares of the programmable devices maker’s stock valued at $549,000 after purchasing an additional 973 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Xilinx by 16.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,281 shares of the programmable devices maker’s stock valued at $4,135,000 after purchasing an additional 9,087 shares in the last quarter. NF Trinity Capital Hong Kong Ltd acquired a new stake in shares of Xilinx in the 2nd quarter valued at about $4,888,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Xilinx by 15.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 679,653 shares of the programmable devices maker’s stock valued at $43,716,000 after purchasing an additional 91,856 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Xilinx by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 3,536 shares of the programmable devices maker’s stock valued at $227,000 after purchasing an additional 408 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.
In other Xilinx news, CEO Moshe Gavrielov sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total value of $1,744,000.00. Following the completion of the sale, the chief executive officer now owns 270,856 shares in the company, valued at approximately $18,894,914.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the sale, the insider now owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders sold a total of 52,931 shares of company stock valued at $3,499,574 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.
XLNX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Tuesday, August 1st. Credit Suisse Group restated an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. Morgan Stanley restated an “overweight” rating and issued a $72.00 target price on shares of Xilinx in a research note on Monday, June 12th. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $53.00 to $60.00 in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $64.57.
Xilinx, Inc. (XLNX) opened at 69.82 on Wednesday. The company has a market capitalization of $17.36 billion, a PE ratio of 29.84 and a beta of 1.08. The stock has a 50 day moving average of $64.29 and a 200 day moving average of $63.15. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $70.33.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating the 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 firm 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 firm posted $0.61 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, August 8th. Xilinx’s payout ratio is presently 60.09%.
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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