Los Angeles Capital Management & Equity Research Inc. cut its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 45.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 402,701 shares of the programmable devices maker’s stock after selling 340,765 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.16% of Xilinx worth $32,285,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Millennium Management LLC purchased a new position in Xilinx during the second quarter worth $90,808,000. Renaissance Technologies LLC increased its position in Xilinx by 2,863.0% during the second quarter. Renaissance Technologies LLC now owns 1,360,005 shares of the programmable devices maker’s stock worth $88,754,000 after buying an additional 1,314,105 shares in the last quarter. BlackRock Inc. increased its position in Xilinx by 5.5% during the second quarter. BlackRock Inc. now owns 18,959,931 shares of the programmable devices maker’s stock worth $1,237,325,000 after buying an additional 990,937 shares in the last quarter. Congress Asset Management Co. MA purchased a new position in Xilinx during the third quarter worth $60,698,000. Finally, Nuance Investments LLC increased its position in Xilinx by 276.1% during the second quarter. Nuance Investments LLC now owns 648,682 shares of the programmable devices maker’s stock worth $42,333,000 after buying an additional 476,220 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on XLNX shares. Bank of America raised Xilinx from an “underperform” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, July 26th. SunTrust Banks raised their price target on Xilinx to $76.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. KeyCorp raised their price target on Xilinx from $80.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. Rosenblatt Securities raised Xilinx from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Thursday, July 26th. Finally, Morgan Stanley raised their price target on Xilinx from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $81.67.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, October 24th. The programmable devices maker reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million during the quarter, compared to the consensus estimate of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. On average, research analysts anticipate that Xilinx, Inc. will post 3.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Tuesday, November 13th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, November 9th. Xilinx’s dividend payout ratio is currently 50.88%.
In other news, VP Catia Hagopian sold 1,000 shares of Xilinx stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $73.37, for a total value of $73,370.00. Following the completion of the sale, the vice president now owns 10,271 shares of the company’s stock, valued at $753,583.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vincent Tong sold 40,000 shares of Xilinx stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $84.38, for a total value of $3,375,200.00. Following the completion of the sale, the insider now directly owns 30,223 shares of the company’s stock, valued at approximately $2,550,216.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,572 shares of company stock valued at $4,219,493. Company insiders own 0.16% of the company’s stock.
Xilinx, Inc designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
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