Principal Financial Group Inc. Purchases 7,486 Shares of Xilinx, Inc. (XLNX)

Principal Financial Group Inc. lifted its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,503 shares of the programmable devices maker’s stock after purchasing an additional 7,486 shares during the period. Principal Financial Group Inc. owned about 0.16% of Xilinx worth $25,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XLNX. Russell Investments Group Ltd. lifted its position in shares of Xilinx by 15.0% during the first quarter. Russell Investments Group Ltd. now owns 86,752 shares of the programmable devices maker’s stock worth $5,026,000 after purchasing an additional 11,286 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Xilinx by 6.7% during the first quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the programmable devices maker’s stock worth $417,000 after purchasing an additional 450 shares in the last quarter. Comerica Bank lifted its position in shares of Xilinx by 0.5% during the first quarter. Comerica Bank now owns 65,591 shares of the programmable devices maker’s stock worth $4,225,000 after purchasing an additional 308 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Xilinx by 8.8% during the first quarter. LS Investment Advisors LLC now owns 12,118 shares of the programmable devices maker’s stock worth $702,000 after purchasing an additional 979 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Xilinx by 164.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 237,416 shares of the programmable devices maker’s stock worth $13,744,000 after purchasing an additional 147,688 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

In other Xilinx news, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the completion of the transaction, the insider now directly owns 12,387 shares in the company, valued at $785,088.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of the 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 of the company’s stock, valued at $2,602,995.73. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Xilinx, Inc. (NASDAQ:XLNX) opened at 63.67 on Monday. Xilinx, Inc. has a one year low of $48.75 and a one year high of $68.68. The firm has a market cap of $15.83 billion, a P/E ratio of 27.21 and a beta of 1.08. The stock’s 50 day moving average is $63.65 and its 200 day moving average is $62.68.

Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. Xilinx’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, equities research analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.20%. Xilinx’s payout ratio is 60.09%.

A number of research firms have recently commented on XLNX. Instinet boosted their target price on shares of Xilinx from $45.00 to $50.00 and gave the stock a “reduce” rating in a research report on Wednesday, May 24th. Zacks Investment Research cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Pacific Crest reissued an “overweight” rating and set a $70.00 target price on shares of Xilinx in a research report on Wednesday, June 21st. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price on the stock in a research report on Monday, June 19th. Finally, BMO Capital Markets boosted their target price on shares of Xilinx from $66.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 24th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $64.57.

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About Xilinx

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.

Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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