California Public Employees Retirement System Has $44.30 Million Stake in Xilinx, Inc. (XLNX)
California Public Employees Retirement System raised its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 625,404 shares of the programmable devices maker’s stock after acquiring an additional 12,392 shares during the quarter. California Public Employees Retirement System owned approximately 0.25% of Xilinx worth $44,297,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new stake in shares of Xilinx in the 2nd quarter valued at about $103,000. Sun Life Financial INC boosted its position in shares of Xilinx by 22,475.0% in the 2nd quarter. Sun Life Financial INC now owns 1,806 shares of the programmable devices maker’s stock valued at $116,000 after purchasing an additional 1,798 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Xilinx in the 3rd quarter valued at about $117,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Xilinx by 46.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after purchasing an additional 936 shares during the period. Finally, Comerica Securities Inc. acquired a new stake in shares of Xilinx in the 2nd quarter valued at about $202,000. 95.23% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $69.76, for a total transaction of $1,744,000.00. Following the completion of the transaction, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at approximately $18,894,914.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Lorenzo Flores sold 2,828 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total value of $209,922.44. Following the transaction, the chief financial officer now directly owns 28,313 shares of the company’s stock, valued at $2,101,673.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 213,127 shares of company stock valued at $15,135,685. Company insiders own 0.40% of the company’s stock.
A number of analysts recently issued reports on XLNX shares. Zacks Investment Research raised Xilinx from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Friday, October 27th. MKM Partners upped their price objective on Xilinx from $63.00 to $78.00 and gave the company a “neutral” rating in a research note on Sunday, October 8th. KeyCorp set a $78.00 price objective on Xilinx and gave the company a “buy” rating in a research note on Wednesday, October 11th. Deutsche Bank upped their price objective on Xilinx from $63.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley upped their price objective on Xilinx from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.05.
Xilinx, Inc. (NASDAQ XLNX) opened at $68.07 on Friday. The stock has a market capitalization of $17,072.33, a P/E ratio of 28.70, a PEG ratio of 2.81 and a beta of 1.07. Xilinx, Inc. has a one year low of $54.99 and a one year high of $75.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86.
Xilinx (NASDAQ:XLNX) last issued its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $620.00 million during 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 company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. research analysts anticipate that Xilinx, Inc. will post 2.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Tuesday, November 14th. Xilinx’s dividend payout ratio (DPR) is 59.07%.
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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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