First Eagle Investment Management LLC trimmed its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,317,382 shares of the programmable devices maker’s stock after selling 758,662 shares during the quarter. Xilinx accounts for approximately 1.5% of First Eagle Investment Management LLC’s investment portfolio, making the stock its 19th biggest holding. First Eagle Investment Management LLC owned 3.71% of Xilinx worth $659,950,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of XLNX. HighTower Advisors LLC boosted its stake in shares of Xilinx by 0.9% during the 1st quarter. HighTower Advisors LLC now owns 7,106 shares of the programmable devices maker’s stock worth $409,000 after acquiring an additional 60 shares in the last quarter. Notis McConarty Edward boosted its stake in shares of Xilinx by 0.3% during the 2nd quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock worth $1,328,000 after acquiring an additional 60 shares in the last quarter. Seaward Management Limited Partnership boosted its stake in shares of Xilinx by 2.1% during the 2nd quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock worth $260,000 after acquiring an additional 83 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Xilinx by 2.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock worth $267,000 after acquiring an additional 87 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of Xilinx by 0.3% during the 2nd quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock worth $1,973,000 after acquiring an additional 93 shares in the last quarter. 96.11% of the stock is currently owned by institutional investors.
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Several research analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and set a $80.00 price target on shares of Xilinx in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho restated a “neutral” rating and set a $69.00 price target (up previously from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Robert W. Baird restated a “hold” rating and set a $68.00 price target on shares of Xilinx in a research report on Friday, October 27th. Finally, Barclays PLC upgraded shares of Xilinx from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $53.00 to $60.00 in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and a consensus target price of $69.73.
Xilinx, Inc. (XLNX) traded up $0.34 during midday trading on Monday, reaching $72.21. 420,346 shares of the company’s stock were exchanged, compared to its average volume of 2,696,382. The company has a current ratio of 9.86, a quick ratio of 9.35 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $18,120.00, a price-to-earnings ratio of 30.33, a PEG ratio of 2.97 and a beta of 1.10. Xilinx, Inc. has a one year low of $50.78 and a one year high of $75.14.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. research analysts anticipate that Xilinx, Inc. will post 2.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Tuesday, November 14th. Xilinx’s payout ratio is 58.82%.
In related news, CFO Lorenzo Flores sold 2,828 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total transaction of $209,922.44. Following the sale, the chief financial officer now owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Moshe Gavrielov sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the sale, the chief executive officer now directly owns 270,856 shares in the company, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,627 shares of company stock worth $13,155,185. Insiders own 0.40% of the company’s stock.
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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