Belpointe Asset Management LLC purchased a new position in Xilinx, Inc. (NASDAQ:XLNX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,473 shares of the programmable devices maker’s stock, valued at approximately $2,513,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in shares of Xilinx in the second quarter worth $103,000. Sun Life Financial INC increased its stake in shares of Xilinx by 22,475.0% in the second quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock worth $116,000 after acquiring an additional 1,798 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Xilinx in the third quarter worth $117,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Xilinx by 46.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after acquiring an additional 936 shares during the last quarter. Finally, Comerica Securities Inc. acquired a new position in shares of Xilinx in the second quarter worth $202,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Xilinx, Inc. (XLNX) opened at $67.68 on Wednesday. The stock has a market capitalization of $17,200.31, a PE ratio of 28.92, a PEG ratio of 2.83 and a beta of 1.07. Xilinx, Inc. has a 1 year low of $54.99 and a 1 year high of $75.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.86 and a quick ratio of 9.35.

Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $620.00 million for the quarter, compared to the consensus estimate of $620.99 million. Xilinx had a return on equity of 25.17% and a net margin of 25.93%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. sell-side analysts predict that Xilinx, Inc. will post 2.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, November 14th. Xilinx’s dividend payout ratio is currently 59.07%.

In related news, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.23, for a total value of $209,922.44. Following the completion of the sale, the chief financial officer now owns 28,313 shares in the company, valued at $2,101,673.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth W. Vanderslice sold 2,500 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $72.20, for a total transaction of $180,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,127 shares of company stock worth $15,135,685. 0.40% of the stock is currently owned by company insiders.

Several research firms have commented on XLNX. Robert W. Baird reissued a “hold” rating and set a $68.00 target price on shares of Xilinx in a research report on Friday, October 27th. Barclays increased their target price on shares of Xilinx from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. SunTrust Banks reissued a “hold” rating on shares of Xilinx in a research report on Wednesday, October 4th. BidaskClub downgraded shares of Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $80.00 target price on shares of Xilinx in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $69.73.

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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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Institutional Ownership by Quarter for Xilinx (NASDAQ:XLNX)

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