Keybank National Association OH increased its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 0.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,687 shares of the programmable devices maker’s stock after purchasing an additional 343 shares during the period. Keybank National Association OH’s holdings in Xilinx were worth $4,285,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors also recently modified their holdings of XLNX. Krane Funds Advisors LLC bought a new stake in Xilinx during the 2nd quarter worth approximately $29,000. Citizens Financial Group Inc RI raised its holdings in Xilinx by 114.2% in the second quarter. Citizens Financial Group Inc RI now owns 257 shares of the programmable devices maker’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Lenox Wealth Advisors LLC bought a new position in Xilinx in the second quarter worth about $33,000. FinTrust Capital Advisors LLC raised its holdings in Xilinx by 168.0% in the second quarter. FinTrust Capital Advisors LLC now owns 276 shares of the programmable devices maker’s stock worth $33,000 after purchasing an additional 173 shares in the last quarter. Finally, Quest Capital Management Inc. ADV bought a new position in Xilinx in the third quarter worth about $38,000. Institutional investors and hedge funds own 85.09% of the company’s stock.
In other news, Director Marshall C. Turner sold 3,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $107.82, for a total value of $323,460.00. Following the completion of the transaction, the director now owns 44,690 shares of the company’s stock, valued at approximately $4,818,475.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Saar Gillai sold 3,400 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $96.65, for a total transaction of $328,610.00. Following the completion of the transaction, the director now directly owns 7,712 shares of the company’s stock, valued at approximately $745,364.80. The disclosure for this sale can be found here. Insiders have sold a total of 22,226 shares of company stock valued at $2,270,378 in the last ninety days. Company insiders own 0.19% of the company’s stock.
XLNX has been the subject of a number of recent research reports. Bank of America downgraded shares of Xilinx from a “buy” rating to a “neutral” rating in a report on Friday, September 20th. Benchmark initiated coverage on Xilinx in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. Nomura upgraded Xilinx from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Monday, October 14th. Cowen dropped their price target on Xilinx from $120.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Xilinx in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $114.55.
XLNX traded up $0.51 during midday trading on Friday, reaching $93.66. 2,311,800 shares of the company’s stock were exchanged, compared to its average volume of 3,322,342. The business has a 50-day simple moving average of $94.28 and a two-hundred day simple moving average of $106.15. The company has a quick ratio of 5.78, a current ratio of 6.44 and a debt-to-equity ratio of 0.46. Xilinx, Inc. has a one year low of $79.22 and a one year high of $141.60. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 2.31 and a beta of 1.24.
Xilinx (NASDAQ:XLNX) last released its earnings results on Wednesday, October 23rd. The programmable devices maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Xilinx had a net margin of 28.76% and a return on equity of 35.84%. The firm had revenue of $833.00 million during the quarter, compared to analyst estimates of $823.63 million. During the same quarter in the previous year, the business earned $0.84 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Xilinx, Inc. will post 3.35 EPS for the current fiscal year.
Xilinx declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the programmable devices maker to buy up to 4.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, November 8th. Xilinx’s dividend payout ratio is presently 42.53%.
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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