Argent Capital Management LLC purchased a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,945 shares of the programmable devices maker’s stock, valued at approximately $447,000.
Several other hedge funds have also recently added to or reduced their stakes in XLNX. Dearborn Partners LLC increased its stake in 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 buying an additional 7,493 shares during the period. Principal Financial Group Inc. increased its stake in 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 buying an additional 7,486 shares during the period. Delta Lloyd Asset Management N.V. acquired a new position in Xilinx in the 2nd quarter valued at approximately $2,376,000. KBC Group NV increased its stake in 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 buying an additional 7,359 shares during the period. Finally, Atlantic Trust Group LLC acquired a new position in Xilinx in the 2nd quarter valued at approximately $6,328,000. Institutional investors and hedge funds own 97.42% of the company’s stock.
In other Xilinx news, CEO Moshe Gavrielov sold 28,600 shares of Xilinx stock in a transaction on Friday, October 6th. The shares were sold at an average price of $71.78, for a total transaction of $2,052,908.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of Xilinx stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following 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 ninety days, insiders have sold 209,330 shares of company stock valued at $14,598,104. Company insiders own 0.40% of the company’s stock.
Xilinx, Inc. (NASDAQ XLNX) traded up 0.01% during mid-day trading on Wednesday, hitting $72.54. 140,132 shares of the company traded hands. The company’s 50-day moving average is $67.77 and its 200-day moving average is $64.37. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of 31.27 and a beta of 1.10. Xilinx, Inc. has a one year low of $48.75 and a one year high of $72.85.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The firm had revenue of $615.40 million during the quarter, compared to analysts’ expectations of $615.69 million. During the same period in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.
Several research analysts have weighed in on the stock. MKM Partners upped their price objective on shares of Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Xilinx in a research note on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating on shares of Xilinx in a research note on Thursday, August 31st. BidaskClub lowered shares of Xilinx from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Vetr lowered shares of Xilinx from a “strong-buy” rating to a “buy” rating and set a $70.95 price objective on the stock. in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $65.76.
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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