Institute for Wealth Management LLC. Acquires Shares of 11,219 Xilinx, Inc. (XLNX)
Institute for Wealth Management LLC. acquired a new stake in Xilinx, Inc. (NASDAQ:XLNX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,219 shares of the programmable devices maker’s stock, valued at approximately $719,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in shares of Xilinx by 29.2% in the second quarter. HighTower Advisors LLC now owns 9,184 shares of the programmable devices maker’s stock valued at $588,000 after acquiring an additional 2,078 shares during the period. PDT Partners LLC boosted its position in shares of Xilinx by 0.7% in the second quarter. PDT Partners LLC now owns 130,408 shares of the programmable devices maker’s stock valued at $8,388,000 after acquiring an additional 908 shares during the period. Balyasny Asset Management LLC boosted its position in shares of Xilinx by 248.2% in the second quarter. Balyasny Asset Management LLC now owns 461,644 shares of the programmable devices maker’s stock valued at $29,693,000 after acquiring an additional 329,056 shares during the period. Stifel Financial Corp boosted its position in shares of Xilinx by 9.9% in the second quarter. Stifel Financial Corp now owns 103,086 shares of the programmable devices maker’s stock valued at $6,666,000 after acquiring an additional 9,302 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Xilinx in the second quarter valued at approximately $1,235,000. Institutional investors own 97.42% of the company’s stock.
Shares of Xilinx, Inc. (NASDAQ:XLNX) traded up 0.91% on Friday, hitting $70.83. 2,186,284 shares of the company traded hands. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 30.27 and a beta of 1.08. Xilinx, Inc. has a 1-year low of $48.75 and a 1-year high of $70.93. The firm’s 50 day moving average price is $64.29 and its 200-day moving average price is $63.15.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $615.40 million during the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. On average, equities research analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Xilinx in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Mizuho reaffirmed a “neutral” rating and issued a $69.00 target price (up from $68.00) on shares of Xilinx in a research note on Thursday, July 27th. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 target price on the stock in a research note on Monday, June 19th. Finally, Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $53.00 to $60.00 in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.57.
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In related news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the sale, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Moshe Gavrielov sold 25,000 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $69.76, for a total value of $1,744,000.00. Following the sale, the chief executive officer now owns 270,856 shares in the company, valued at approximately $18,894,914.56. The disclosure for this sale can be found here. Insiders have sold a total of 52,931 shares of company stock valued at $3,499,574 over the last quarter. Corporate insiders own 0.40% of the company’s stock.
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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