Davis Selected Advisers continued to hold its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,920 shares of the programmable devices maker’s stock at the close of the second quarter. Davis Selected Advisers’ holdings in Xilinx were worth $509,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Mercantile Trust Co. lifted its holdings in shares of Xilinx by 12.0% in the 1st quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after purchasing an additional 324 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Xilinx by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 86,752 shares of the programmable devices maker’s stock worth $5,026,000 after purchasing an additional 11,286 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Xilinx in the 1st quarter worth approximately $279,000. Great West Life Assurance Co. Can lifted its holdings in shares of Xilinx by 1.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 183,818 shares of the programmable devices maker’s stock worth $10,625,000 after purchasing an additional 3,114 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Xilinx by 6.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the programmable devices maker’s stock worth $417,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.
In related news, insider Steven L. Glaser sold 15,788 shares of the company’s stock in a transaction on Monday, July 31st. The shares were 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 owns 12,387 shares in the company, valued at approximately $785,088.06. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction 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 approximately $2,602,995.73. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
XLNX has been the topic of several recent research reports. Credit Suisse Group set a $75.00 price target on Xilinx and gave the stock a “buy” rating in a report on Thursday, July 27th. Barclays PLC set a $65.00 price target on Xilinx and gave the stock a “hold” rating in a report on Thursday, July 27th. Instinet raised their price target on Xilinx from $45.00 to $50.00 and gave the stock a “reduce” rating in a report on Wednesday, May 24th. BidaskClub downgraded Xilinx from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $72.00 target price on shares of Xilinx in a research note on Monday, June 12th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $64.57.
Shares of Xilinx, Inc. (XLNX) traded up 0.97% during trading on Friday, hitting $68.50. The company had a trading volume of 628,856 shares. The firm has a 50 day moving average of $63.81 and a 200 day moving average of $62.87. Xilinx, Inc. has a 12-month low of $48.75 and a 12-month high of $68.68. The stock has a market cap of $17.03 billion, a PE ratio of 29.27 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last posted its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. On average, analysts forecast that Xilinx, Inc. will post $2.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.
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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