Leavell Investment Management Inc. continued to hold its position in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,300 shares of the programmable devices maker’s stock at the end of the second quarter. Leavell Investment Management Inc.’s holdings in Xilinx were worth $662,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. TrimTabs Asset Management LLC boosted its position in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock worth $115,000 after buying an additional 936 shares during the last quarter. Whittier Trust Co. boosted its position in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock worth $155,000 after buying an additional 386 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock worth $156,000 after buying an additional 2,664 shares during the last quarter. First Mercantile Trust Co. boosted its position in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock worth $174,000 after buying an additional 324 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Xilinx during the first quarter worth about $201,000. 94.61% of the stock is owned by hedge funds and other institutional investors.
Xilinx, Inc. (XLNX) traded down 0.50% during mid-day trading on Tuesday, reaching $63.16. The company’s stock had a trading volume of 1,512,402 shares. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 26.99 and a beta of 1.09. The firm has a 50 day moving average price of $65.22 and a 200 day moving average price of $61.80. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $615.69 million. During the same quarter last year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.40 annualized dividend and a dividend yield of 2.22%. Xilinx’s dividend payout ratio is currently 60.09%.
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A number of research analysts have issued reports on XLNX shares. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Friday, April 28th. Vetr raised Xilinx from a “hold” rating to a “buy” rating and set a $65.52 target price for the company in a research note on Tuesday, May 2nd. Credit Suisse Group reissued a “buy” rating on shares of Xilinx in a research note on Wednesday, May 24th. Jefferies Group LLC raised Xilinx from a “hold” rating to a “buy” rating and boosted their target price for the company from $68.00 to $77.00 in a research note on Monday, July 10th. Finally, BidaskClub cut Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.57.
In related news, CFO Lorenzo Flores sold 9,600 shares of Xilinx stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $66.69, for a total value of $640,224.00. Following the sale, the chief financial officer now owns 19,058 shares of the company’s stock, valued at approximately $1,270,978.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Moshe Gavrielov sold 400 shares of Xilinx stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $67.73, for a total transaction of $27,092.00. Following the completion of the sale, the chief executive officer now directly owns 235,366 shares in the company, valued at approximately $15,941,339.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,331 shares of company stock worth $2,578,326. 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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