Oppenheimer Asset Management Inc. decreased its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 78.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,347 shares of the programmable devices maker’s stock after selling 58,331 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Xilinx were worth $1,051,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Winslow Capital Management LLC bought a new position in Xilinx in the 1st quarter valued at about $203,769,000. Canada Pension Plan Investment Board increased its holdings in Xilinx by 779.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after buying an additional 1,619,600 shares during the period. American Century Companies Inc. increased its holdings in Xilinx by 104.8% in the 2nd quarter. American Century Companies Inc. now owns 3,134,197 shares of the programmable devices maker’s stock valued at $201,592,000 after buying an additional 1,603,850 shares during the period. Marshall Wace North America L.P. bought a new position in Xilinx in the 1st quarter valued at about $49,023,000. Finally, Vanguard Group Inc. increased its holdings in Xilinx by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.
In related news, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s 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 completion of the sale, the senior vice president now owns 41,869 shares of the company’s stock, valued at $2,602,995.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven L. Glaser sold 15,788 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 12,387 shares of the company’s stock, valued at approximately $785,088.06. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Xilinx, Inc. (XLNX) opened at 63.67 on Monday. The company’s 50 day moving average is $63.65 and its 200-day moving average is $62.68. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week 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.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same quarter last year, the firm posted $0.61 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts predict that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
Several equities analysts have commented on the stock. Credit Suisse Group reissued an “outperform” rating on shares of Xilinx in a report on Thursday, August 31st. BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Vetr lowered shares of Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 target price on the stock. in a report on Monday, August 7th. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, August 1st. Finally, Barclays PLC set a $65.00 target price on shares of Xilinx and gave the company a “hold” rating in a report on Thursday, July 27th. 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 stock currently has an average rating of “Hold” and an average price target of $64.57.
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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