First Merchants Corp Purchases 3,075 Shares of Xilinx, Inc. (XLNX)
First Merchants Corp boosted its stake in shares of Xilinx, Inc. (NASDAQ:XLNX) by 16.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,427 shares of the programmable devices maker’s stock after buying an additional 3,075 shares during the period. First Merchants Corp’s holdings in Xilinx were worth $988,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Xilinx by 2.4% in the second quarter. Creative Planning now owns 3,472 shares of the programmable devices maker’s stock valued at $160,000 after buying an additional 81 shares during the period. Invictus RG increased its stake in Xilinx by 427.7% in the first quarter. Invictus RG now owns 3,599 shares of the programmable devices maker’s stock valued at $171,000 after buying an additional 2,917 shares during the period. Smith Moore & CO. purchased a new stake in Xilinx during the first quarter valued at $262,000. Buffington Mohr McNeal purchased a new stake in Xilinx during the first quarter valued at $265,000. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in Xilinx during the first quarter valued at $267,000. 91.37% of the stock is currently owned by institutional investors.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up 0.60% during trading on Wednesday, hitting $53.25. The stock had a trading volume of 2,260,646 shares. Xilinx, Inc. has a 52-week low of $40.44 and a 52-week high of $54.82. The firm has a market cap of $13.50 billion, a PE ratio of 25.25 and a beta of 1.33. The stock has a 50 day moving average of $53.00 and a 200 day moving average of $48.12.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. Xilinx had a net margin of 25.28% and a return on equity of 21.83%. The company earned $574.90 million during the quarter, compared to the consensus estimate of $571.06 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Xilinx’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Xilinx, Inc. will post $2.22 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Thursday, August 11th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, August 9th. Xilinx’s payout ratio is currently 62.26%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Tuesday. Nomura reaffirmed a “neutral” rating and set a $41.00 target price on shares of Xilinx in a research report on Thursday, May 26th. Robert W. Baird reaffirmed an “outperform” rating and set a $52.00 target price on shares of Xilinx in a research report on Wednesday, May 25th. Morgan Stanley reaffirmed a “hold” rating on shares of Xilinx in a research report on Tuesday, May 24th. Finally, Deutsche Bank AG raised their target price on Xilinx from $44.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $50.09.
In other Xilinx news, CEO Moshe Gavrielov sold 4,812 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $54.73, for a total transaction of $263,360.76. Following the completion of the transaction, the chief executive officer now owns 356,622 shares of the company’s stock, valued at $19,517,922.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Krishna Rangasayee sold 14,821 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $51.75, for a total transaction of $766,986.75. Following the transaction, the insider now directly owns 30,186 shares of the company’s stock, valued at approximately $1,562,125.50. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.
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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