Keudell Morrison Wealth Management purchased a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,915 shares of the programmable devices maker’s stock, valued at approximately $2,113,000.
A number of other hedge funds have also recently added to or reduced their stakes in XLNX. First Trust Advisors LP boosted its holdings in Xilinx by 21.2% during the first quarter. First Trust Advisors LP now owns 1,203,809 shares of the programmable devices maker’s stock valued at $152,631,000 after acquiring an additional 210,908 shares during the period. Fiera Capital Corp bought a new stake in shares of Xilinx in the first quarter valued at about $1,000,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Xilinx by 32.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 19,876 shares of the programmable devices maker’s stock valued at $2,520,000 after buying an additional 4,835 shares during the period. Lido Advisors LLC bought a new stake in shares of Xilinx in the first quarter valued at about $273,000. Finally, Federated Investors Inc. PA lifted its stake in shares of Xilinx by 11.6% in the first quarter. Federated Investors Inc. PA now owns 541,405 shares of the programmable devices maker’s stock valued at $68,644,000 after buying an additional 56,192 shares during the period. Institutional investors own 84.77% of the company’s stock.
Shares of NASDAQ XLNX traded down $4.10 during mid-day trading on Tuesday, hitting $91.80. 243,319 shares of the stock were exchanged, compared to its average volume of 2,942,299. The company has a market cap of $24.24 billion, a P/E ratio of 26.31, a PEG ratio of 2.13 and a beta of 1.27. The stock’s fifty day simple moving average is $102.51 and its two-hundred day simple moving average is $114.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.54 and a current ratio of 7.22. Xilinx, Inc. has a twelve month low of $68.76 and a twelve month high of $141.60.
Several equities research analysts recently weighed in on XLNX shares. Zacks Investment Research upgraded shares of Xilinx from a “sell” rating to a “hold” rating and set a $130.00 target price for the company in a research note on Saturday, July 27th. Barclays reduced their target price on shares of Xilinx from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. Morgan Stanley increased their price target on shares of Xilinx from $126.00 to $134.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Mizuho reissued a “buy” rating and issued a $140.00 price target on shares of Xilinx in a research report on Sunday, August 18th. Finally, ValuEngine lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Xilinx currently has a consensus rating of “Hold” and an average target price of $117.95.
In related news, VP Catia Hagopian sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $120.00, for a total value of $120,000.00. Following the completion of the sale, the vice president now owns 16,674 shares of the company’s stock, valued at $2,000,880. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vincent Tong sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $105.00, for a total transaction of $840,000.00. Following the completion of the sale, the executive vice president now directly owns 36,775 shares of the company’s stock, valued at approximately $3,861,375. The disclosure for this sale can be found here. In the last three months, insiders sold 32,531 shares of company stock valued at $3,591,480. 0.19% of the stock is currently owned by company insiders.
Xilinx Company Profile
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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