Dynamic Technology Lab Private Ltd bought a new position in Xilinx, Inc. (NASDAQ:XLNX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 26,737 shares of the programmable devices maker’s stock, valued at approximately $2,144,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of XLNX. Andesa Financial Management Inc. grew its position in shares of Xilinx by 3.3% in the 3rd quarter. Andesa Financial Management Inc. now owns 20,335 shares of the programmable devices maker’s stock valued at $1,628,000 after buying an additional 645 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Xilinx by 1.9% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,049 shares of the programmable devices maker’s stock valued at $2,353,000 after buying an additional 683 shares during the last quarter. Notis McConarty Edward grew its position in shares of Xilinx by 2.9% in the 3rd quarter. Notis McConarty Edward now owns 24,565 shares of the programmable devices maker’s stock valued at $1,968,000 after buying an additional 700 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Xilinx by 2.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 37,998 shares of the programmable devices maker’s stock valued at $3,046,000 after buying an additional 731 shares during the last quarter. Finally, Psagot Investment House Ltd. grew its position in shares of Xilinx by 57.3% in the 3rd quarter. Psagot Investment House Ltd. now owns 2,042 shares of the programmable devices maker’s stock valued at $164,000 after buying an additional 744 shares during the last quarter. 88.11% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on XLNX. KeyCorp upped their price target on Xilinx from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. Bank of America upped their target price on Xilinx from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. UBS Group upgraded Xilinx from a “neutral” rating to a “positive” rating in a research report on Tuesday, November 13th. Finally, Susquehanna Bancshares upgraded Xilinx from a “neutral” rating to a “positive” rating and upped their target price for the company from $82.00 to $85.00 in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $82.95.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, October 24th. The programmable devices maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $746.25 million for the quarter, compared to analyst estimates of $710.33 million. Xilinx had a return on equity of 34.05% and a net margin of 21.33%. Equities research analysts expect that Xilinx, Inc. will post 3.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Tuesday, November 13th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $1.44 annualized dividend and a yield of 1.62%. Xilinx’s payout ratio is currently 50.88%.
In other Xilinx news, insider Vincent Tong sold 40,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $3,375,200.00. Following the transaction, the insider now owns 30,223 shares in the company, valued at $2,550,216.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Emre Onder sold 1,734 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $77.15, for a total value of $133,778.10. Following the completion of the transaction, the senior vice president now owns 1,419 shares in the company, valued at approximately $109,475.85. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.
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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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