National Asset Management Inc. Buys 83 Shares of Xilinx, Inc. (NASDAQ:XLNX)

National Asset Management Inc. raised its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.2% during the second quarter, HoldingsChannel reports. The fund owned 3,909 shares of the programmable devices maker’s stock after purchasing an additional 83 shares during the quarter. National Asset Management Inc.’s holdings in Xilinx were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sandy Spring Bank raised its holdings in Xilinx by 83.2% during the 2nd quarter. Sandy Spring Bank now owns 174 shares of the programmable devices maker’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Atlas Capital Advisors LLC bought a new stake in Xilinx during the 1st quarter valued at $25,000. CSat Investment Advisory L.P. raised its holdings in Xilinx by 81.2% during the 1st quarter. CSat Investment Advisory L.P. now owns 212 shares of the programmable devices maker’s stock valued at $26,000 after acquiring an additional 95 shares during the period. Burleson & Company LLC bought a new stake in Xilinx during the 1st quarter valued at $32,000. Finally, Paragon Wealth Strategies LLC bought a new stake in Xilinx during the 2nd quarter valued at $40,000. 77.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Salil Raje sold 13,500 shares of the stock in a transaction dated Friday, July 30th. The shares were sold at an average price of $150.00, for a total transaction of $2,025,000.00. Following the completion of the sale, the executive vice president now directly owns 37,086 shares in the company, valued at $5,562,900. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark Wadlington sold 14,789 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $150.18, for a total transaction of $2,221,012.02. Following the transaction, the senior vice president now directly owns 12,571 shares of the company’s stock, valued at approximately $1,887,912.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,289 shares of company stock valued at $4,546,012. 0.22% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on XLNX shares. Barclays upped their price target on shares of Xilinx from $134.00 to $165.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Xilinx from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Thursday, July 29th. Wells Fargo & Company upped their price target on shares of Xilinx from $110.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, July 29th. Truist upped their price target on shares of Xilinx from $135.00 to $143.00 and gave the stock a “hold” rating in a report on Thursday, July 29th. Finally, Truist Securities upped their price target on shares of Xilinx from $135.00 to $143.00 and gave the stock a “hold” rating in a report on Thursday, July 29th. Fourteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.71.

NASDAQ XLNX opened at $151.25 on Wednesday. The company has a 50-day simple moving average of $147.00 and a two-hundred day simple moving average of $134.35. The company has a quick ratio of 5.17, a current ratio of 5.58 and a debt-to-equity ratio of 0.48. Xilinx, Inc. has a 12-month low of $96.71 and a 12-month high of $159.30. The firm has a market cap of $37.43 billion, a price-to-earnings ratio of 49.43 and a beta of 1.01.

Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 28th. The programmable devices maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.18. Xilinx had a net margin of 23.00% and a return on equity of 30.29%. The business had revenue of $878.61 million during the quarter, compared to analyst estimates of $865.76 million. During the same period in the prior year, the business posted $0.38 earnings per share. Equities analysts expect that Xilinx, Inc. will post 3.71 earnings per share for the current fiscal year.

Xilinx Company Profile

Xilinx, Inc engages in the design and development of programmable logic semiconductor devices and the related software design tools. It also provides design services, customer training, field engineering, and technical support. The company was founded by Ross Freeman, Bernard Vonderschmitt, and James V.

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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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