Northstar Asset Management LLC maintained its stake in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent filing with the SEC. The fund owned 5,000 shares of the programmable devices maker’s stock at the end of the second quarter. Northstar Asset Management LLC’s holdings in Xilinx were worth $322,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in XLNX. Winslow Capital Management LLC purchased a new stake in Xilinx during the first quarter valued at approximately $203,769,000. Marshall Wace North America L.P. purchased a new stake in Xilinx during the first quarter valued at approximately $49,023,000. Vanguard Group Inc. raised its stake in 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. Pictet Asset Management Ltd. raised its stake in Xilinx by 631.1% in the first quarter. Pictet Asset Management Ltd. now owns 926,894 shares of the programmable devices maker’s stock valued at $53,658,000 after buying an additional 800,106 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in Xilinx by 12.1% in the first quarter. Janus Capital Management LLC now owns 7,066,192 shares of the programmable devices maker’s stock valued at $409,062,000 after buying an additional 764,384 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded down 0.49% during trading on Friday, hitting $61.02. 1,686,112 shares of the company were exchanged. The stock has a market cap of $15.17 billion, a P/E ratio of 26.08 and a beta of 1.09. The company’s 50-day moving average price is $64.24 and its 200 day moving average price is $62.10. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. On average, equities analysts predict that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 10th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 annualized dividend and a yield of 2.29%. Xilinx’s dividend payout ratio is presently 60.09%.
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Several analysts recently weighed in on XLNX shares. Wells Fargo & Company downgraded shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Tuesday, May 23rd. Vetr upgraded shares of 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. Pacific Crest reiterated an “overweight” rating and issued a $70.00 target price on shares of Xilinx in a report on Wednesday, June 21st. BidaskClub upgraded shares of Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Finally, Credit Suisse Group upgraded shares of Xilinx from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $70.00 in a report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $64.57.
In related news, CEO Moshe Gavrielov sold 400 shares of Xilinx stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.73, for a total value of $27,092.00. Following the sale, the chief executive officer now directly owns 235,366 shares in the company, valued at approximately $15,941,339.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Lorenzo Flores sold 9,600 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $66.69, for a total transaction of $640,224.00. Following the sale, the chief financial officer now owns 19,058 shares in the company, valued at $1,270,978.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,931 shares of company stock worth $2,422,890. 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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