Northern Trust Corp trimmed its stake in Xilinx, Inc. (NASDAQ:XLNX) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,279,820 shares of the programmable devices maker’s stock after selling 15,437 shares during the period. Northern Trust Corp owned 1.32% of Xilinx worth $210,959,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Dearborn Partners LLC raised its stake in shares of Xilinx by 2.3% in the 2nd quarter. Dearborn Partners LLC now owns 336,588 shares of the programmable devices maker’s stock valued at $21,649,000 after acquiring an additional 7,493 shares in the last quarter. Delta Lloyd Asset Management N.V. bought a new position in shares of Xilinx in the 2nd quarter valued at approximately $2,376,000. Principal Financial Group Inc. raised its stake in shares of Xilinx by 1.9% in the 2nd quarter. Principal Financial Group Inc. now owns 398,503 shares of the programmable devices maker’s stock valued at $25,632,000 after acquiring an additional 7,486 shares in the last quarter. KBC Group NV raised its stake in shares of Xilinx by 31.2% in the 2nd quarter. KBC Group NV now owns 30,949 shares of the programmable devices maker’s stock valued at $1,991,000 after acquiring an additional 7,359 shares in the last quarter. Finally, Atlantic Trust Group LLC bought a new position in shares of Xilinx in the 2nd quarter valued at approximately $6,328,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on XLNX. Mizuho reissued a “neutral” rating and issued a $69.00 price objective (up from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Raymond James Financial, Inc. reissued a “hold” rating on shares of Xilinx in a research note on Thursday, July 27th. Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. KeyCorp set a $70.00 price objective on Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Vetr downgraded Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price objective on the stock. in a research note on Monday, June 26th. Three equities research 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’s stock. Xilinx presently has a consensus rating of “Hold” and a consensus target price of $64.57.
Xilinx, Inc. (XLNX) opened at 69.33 on Friday. The firm has a 50-day moving average price of $64.29 and a 200-day moving average price of $63.15. The firm has a market capitalization of $17.24 billion, a PE ratio of 29.63 and a beta of 1.08. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $70.33.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same period last year, the company posted $0.61 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is presently 60.09%.
In other news, insider Steven L. Glaser sold 15,788 shares of Xilinx stock in a transaction dated Monday, July 31st. The stock was 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 filing with the SEC, which is accessible through this hyperlink. Also, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value 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 three months, insiders sold 52,931 shares of company stock valued at $3,499,574. Corporate insiders own 0.40% of the company’s stock.
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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