IBM Retirement Fund Acquires 2,390 Shares of Xilinx, Inc. (XLNX)
IBM Retirement Fund increased its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 65.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,063 shares of the programmable devices maker’s stock after purchasing an additional 2,390 shares during the period. IBM Retirement Fund’s holdings in Xilinx were worth $472,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of XLNX. Notis McConarty Edward boosted its holdings in Xilinx by 0.3% during the second quarter. Notis McConarty Edward now owns 20,655 shares of the programmable devices maker’s stock valued at $1,328,000 after acquiring an additional 60 shares during the period. Seaward Management Limited Partnership raised its position in shares of Xilinx by 2.1% during the second quarter. Seaward Management Limited Partnership now owns 4,053 shares of the programmable devices maker’s stock valued at $260,000 after buying an additional 83 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Xilinx by 2.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,154 shares of the programmable devices maker’s stock valued at $267,000 after buying an additional 87 shares during the last quarter. ING Groep NV raised its position in shares of Xilinx by 0.3% during the second quarter. ING Groep NV now owns 30,682 shares of the programmable devices maker’s stock valued at $1,973,000 after buying an additional 93 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Xilinx by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the programmable devices maker’s stock valued at $991,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.
A number of brokerages have recently commented on XLNX. Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reissued a “hold” rating and issued a $68.00 price target on shares of Xilinx in a research report on Friday, October 27th. Barclays PLC increased their price target 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. Deutsche Bank AG increased their price target on shares of Xilinx from $63.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $80.00 price target on shares of Xilinx in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.73.
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In other Xilinx news, CFO Lorenzo Flores sold 2,828 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Moshe Gavrielov sold 121,400 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $70.73, for a total transaction of $8,586,622.00. Following the completion of the transaction, the chief executive officer now directly owns 164,304 shares in the company, valued at $11,621,221.92. The disclosure for this sale can be found here. Insiders have sold 185,627 shares of company stock worth $13,155,185 over the last three months. 0.40% of the stock is owned by insiders.
Xilinx, Inc. (XLNX) traded down $1.11 on Thursday, hitting $70.94. 1,123,300 shares of the stock traded hands, compared to its average volume of 2,675,881. Xilinx, Inc. has a twelve month low of $52.54 and a twelve month 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. The company has a market capitalization of $18,100.00, a PE ratio of 30.40, a P/E/G ratio of 2.98 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The business had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $620.99 million. During the same period in the prior year, the firm earned $0.61 earnings per share. Xilinx’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts anticipate that Xilinx, Inc. will post 2.59 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.97%. Xilinx’s dividend payout ratio (DPR) is currently 58.82%.
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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