LMR Partners LLP Purchases New Stake in Xilinx, Inc. (XLNX)
LMR Partners LLP purchased a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 39,117 shares of the programmable devices maker’s stock, valued at approximately $2,516,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trillium Asset Management LLC boosted its position in shares of Xilinx by 1.0% in the second quarter. Trillium Asset Management LLC now owns 130,314 shares of the programmable devices maker’s stock valued at $8,382,000 after buying an additional 1,264 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Xilinx by 17.9% in the second quarter. Advisors Asset Management Inc. now owns 98,195 shares of the programmable devices maker’s stock valued at $6,316,000 after buying an additional 14,902 shares in the last quarter. Dividend Assets Capital LLC acquired a new position in shares of Xilinx during the second quarter valued at approximately $24,263,000. Pitcairn Co. acquired a new position in shares of Xilinx during the second quarter valued at approximately $225,000. Finally, Rhumbline Advisers boosted its position in shares of Xilinx by 6.4% in the second quarter. Rhumbline Advisers now owns 530,298 shares of the programmable devices maker’s stock valued at $34,109,000 after buying an additional 31,789 shares in the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xilinx, Inc. (NASDAQ XLNX) opened at 62.64 on Wednesday. The firm has a 50-day moving average of $64.54 and a 200-day moving average of $62.09. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 26.77 and a beta of 1.09. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to analyst estimates of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, analysts anticipate that Xilinx, Inc. will post $2.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/lmr-partners-llp-purchases-new-stake-in-xilinx-inc-xlnx/1494543.html.
Several research analysts have recently commented on the stock. BidaskClub raised shares of Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Vetr cut shares of Xilinx from a “buy” rating to a “hold” rating and set a $69.47 target price on the stock. in a report on Monday, June 26th. Wells Fargo & Company cut shares of Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a report on Tuesday, May 23rd. Barclays PLC raised shares of Xilinx from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $53.00 to $60.00 in a report on Tuesday, July 18th. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $70.00 target price on shares of Xilinx in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.57.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total value of $754,930.31. Following the transaction, the senior vice president now owns 41,869 shares of the company’s stock, valued at approximately $2,602,995.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Moshe Gavrielov sold 400 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $67.73, for a total transaction of $27,092.00. Following the completion of the transaction, the chief executive officer now directly owns 235,366 shares in the company, valued at approximately $15,941,339.18. The disclosure for this sale can be found here. Insiders sold a total of 37,931 shares of company stock worth $2,422,890 in the last three months. Insiders own 0.40% of the company’s stock.
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.
Want to see what other hedge funds are holding XLNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xilinx, Inc. (NASDAQ:XLNX).
Receive News & Ratings for Xilinx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xilinx Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.