CIBC Asset Management Inc reduced its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,673 shares of the programmable devices maker’s stock after selling 981 shares during the period. CIBC Asset Management Inc’s holdings in Xilinx were worth $2,405,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in XLNX. Pictet Asset Management Ltd. lifted its stake in Xilinx by 67.6% in the third quarter. Pictet Asset Management Ltd. now owns 2,301,908 shares of the programmable devices maker’s stock worth $163,044,000 after acquiring an additional 928,405 shares during the period. Point72 Asset Management L.P. lifted its stake in Xilinx by 4,092.9% in the third quarter. Point72 Asset Management L.P. now owns 259,962 shares of the programmable devices maker’s stock worth $18,413,000 after acquiring an additional 253,762 shares during the period. Vident Investment Advisory LLC purchased a new stake in Xilinx in the third quarter worth about $13,824,000. Van ECK Associates Corp lifted its stake in Xilinx by 75.2% in the third quarter. Van ECK Associates Corp now owns 404,429 shares of the programmable devices maker’s stock worth $28,646,000 after acquiring an additional 173,615 shares during the period. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in Xilinx in the fourth quarter worth about $11,386,000. 93.41% of the stock is owned by institutional investors.
In other news, SVP Scott Hover-Smoot sold 4,300 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $71.72, for a total transaction of $308,396.00. Following the transaction, the senior vice president now owns 37,569 shares in the company, valued at $2,694,448.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.20, for a total transaction of $180,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,487 shares of company stock worth $5,252,484. Corporate insiders own 0.40% of the company’s stock.
Xilinx (NASDAQ:XLNX) last announced its earnings results on Wednesday, January 24th. The programmable devices maker reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.58). The firm had revenue of $631.00 million during the quarter, compared to the consensus estimate of $630.00 million. Xilinx had a return on equity of 27.61% and a net margin of 20.20%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. equities analysts predict that Xilinx, Inc. will post 2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Wednesday, February 7th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.40 dividend on an annualized basis and a yield of 2.14%. Xilinx’s dividend payout ratio is presently 73.68%.
XLNX has been the subject of a number of research reports. Argus upped their price objective on shares of Xilinx to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Goldman Sachs Group raised shares of Xilinx from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Xilinx in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Friday, October 27th. Finally, Mizuho reaffirmed a “buy” rating and issued a $74.00 price objective (up from $69.00) on shares of Xilinx in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.45.
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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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