Tokio Marine Asset Management Co. Ltd. decreased its stake in Xilinx, Inc. (NASDAQ:XLNX) by 17.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,490 shares of the programmable devices maker’s stock after selling 728 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Xilinx were worth $224,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Korea Investment CORP increased its stake in Xilinx by 3.4% in the first quarter. Korea Investment CORP now owns 160,872 shares of the programmable devices maker’s stock valued at $9,313,000 after buying an additional 5,273 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Xilinx by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,734 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 172 shares in the last quarter. Nationwide Fund Advisors increased its stake in 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 in the last quarter. Candriam Luxembourg S.C.A. increased its stake in Xilinx by 130.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 267,440 shares of the programmable devices maker’s stock valued at $15,483,000 after buying an additional 151,142 shares in the last quarter. Finally, Westwood Management Corp IL purchased a new stake in Xilinx during the first quarter valued at about $579,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xilinx, Inc. (XLNX) traded down 0.49% during midday trading on Friday, hitting $61.02. The stock had a trading volume of 1,686,112 shares. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 26.08 and a beta of 1.09. The stock’s 50-day moving average price is $64.33 and its 200 day moving average price is $62.09. Xilinx, Inc. has a 52 week low of $48.75 and a 52 week high of $68.68.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. Xilinx’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, equities analysts forecast that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The firm also recently disclosed 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 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
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Several research firms have issued reports on XLNX. Vetr downgraded Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 price target on the stock. in a research note on Monday, August 7th. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, August 1st. Credit Suisse Group set a $75.00 target price on Xilinx and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub downgraded Xilinx from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Barclays PLC set a $65.00 target price on Xilinx and gave the company a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Xilinx has an average rating of “Hold” and an average target price of $64.57.
In related news, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction that occurred 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 directly owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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. Over the last ninety days, insiders sold 37,931 shares of company stock valued at $2,422,890. 0.40% of the stock is owned by insiders.
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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