Logan Capital Management Inc. Has $270,000 Holdings in Xilinx, Inc. (XLNX)
Logan Capital Management Inc. continued to hold its stake in Xilinx, Inc. (NASDAQ:XLNX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,200 shares of the programmable devices maker’s stock at the close of the second quarter. Logan Capital Management Inc.’s holdings in Xilinx were worth $270,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Discovery Capital Management LLC CT boosted its position in Xilinx by 5.6% in the 2nd quarter. Discovery Capital Management LLC CT now owns 3,358,055 shares of the programmable devices maker’s stock valued at $215,990,000 after buying an additional 177,100 shares during the last quarter. 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 worth $116,000 after purchasing an additional 1,798 shares during the last quarter. Institute for Wealth Management LLC. bought a new position in shares of Xilinx in the 2nd quarter worth $719,000. HighTower Advisors LLC boosted its position in shares of Xilinx by 29.2% in the 2nd quarter. HighTower Advisors LLC now owns 9,184 shares of the programmable devices maker’s stock worth $588,000 after purchasing an additional 2,078 shares during the last quarter. Finally, PDT Partners LLC boosted its position in shares of Xilinx by 0.7% in the 2nd quarter. PDT Partners LLC now owns 130,408 shares of the programmable devices maker’s stock worth $8,388,000 after purchasing an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.
Xilinx, Inc. (NASDAQ XLNX) traded up 0.04% during mid-day trading on Thursday, hitting $71.16. The company’s stock had a trading volume of 160,683 shares. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $71.76. The firm has a 50 day moving average of $66.56 and a 200-day moving average of $63.96. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 30.41 and a beta of 1.10.
Xilinx (NASDAQ:XLNX) last released its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities research analysts expect that Xilinx, Inc. will post $2.54 EPS for the current fiscal year.
In other news, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven L. Glaser sold 15,788 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $63.38, for a total transaction of $1,000,643.44. Following the transaction, the insider now directly owns 12,387 shares in the company, valued at approximately $785,088.06. The disclosure for this sale can be found here. Insiders have sold a total of 174,331 shares of company stock worth $12,086,196 in the last three months. Insiders own 0.40% of the company’s stock.
XLNX has been the topic of several recent research reports. Vetr upgraded Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price target on the stock in a research report on Monday, June 19th. Jefferies Group LLC upgraded Xilinx from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $77.00 in a research report on Monday, July 10th. BidaskClub lowered Xilinx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. KeyCorp set a $70.00 price target on Xilinx and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group set a $75.00 price target on Xilinx and gave the stock a “buy” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the stock. Xilinx presently has a consensus rating of “Hold” and a consensus price target of $64.57.
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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