First Merchants Corp raised its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 16.8% during the second quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. increased its position in shares of Xilinx by 402.7% in the first quarter. Panagora Asset Management Inc. now owns 712,401 shares of the programmable devices maker’s stock worth $33,789,000 after buying an additional 570,675 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Xilinx by 595.7% in the first quarter. Nuveen Asset Management LLC now owns 122,980 shares of the programmable devices maker’s stock worth $5,832,000 after buying an additional 105,302 shares in the last quarter. Legal & General Group Plc increased its position in shares of Xilinx by 7.8% in the first quarter. Legal & General Group Plc now owns 1,110,273 shares of the programmable devices maker’s stock worth $52,661,000 after buying an additional 79,982 shares in the last quarter. Oak Associates Ltd. OH increased its position in shares of Xilinx by 1.0% in the first quarter. Oak Associates Ltd. OH now owns 558,729 shares of the programmable devices maker’s stock worth $26,501,000 after buying an additional 5,660 shares in the last quarter. Finally, National Pension Service increased its position in shares of Xilinx by 4.6% in the first quarter. National Pension Service now owns 180,911 shares of the programmable devices maker’s stock worth $8,581,000 after buying an additional 8,011 shares in the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.

Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up 0.60% during mid-day trading on Wednesday, reaching $53.25. 2,260,646 shares of the company’s stock were exchanged. The stock has a market capitalization of $13.50 billion, a PE ratio of 25.25 and a beta of 1.33. The company’s 50 day moving average is $53.00 and its 200 day moving average is $48.12. Xilinx, Inc. has a 1-year low of $40.44 and a 1-year high of $54.82.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 27th. The programmable devices maker reported $0.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $574.90 million for the quarter, compared to analyst estimates of $571.06 million. During the same quarter in the prior year, the business posted $0.55 EPS. Xilinx’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Xilinx, Inc. will post $2.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Thursday, August 11th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, August 9th. Xilinx’s dividend payout ratio (DPR) is currently 62.26%.

A number of equities analysts have weighed in on XLNX shares. Zacks Investment Research raised shares of Xilinx from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday. Wells Fargo & Co. reissued a “buy” rating on shares of Xilinx in a research report on Wednesday, July 6th. Jefferies Group raised their price target on shares of Xilinx from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Robert W. Baird reissued an “outperform” rating and set a $52.00 price target on shares of Xilinx in a research report on Wednesday, May 25th. Finally, MKM Partners raised their price target on shares of Xilinx from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.09.

In related news, Director Marshall C. Turner sold 16,000 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $50.00, for a total transaction of $800,000.00. Following the sale, the director now directly owns 49,384 shares of the company’s stock, valued at $2,469,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vincent Tong sold 80,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $51.79, for a total transaction of $4,143,200.00. Following the sale, the insider now directly owns 107,879 shares in the company, valued at $5,587,053.41. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

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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