New York State Common Retirement Fund Lowers Stake in Xilinx, Inc. (XLNX)
New York State Common Retirement Fund lowered its holdings in Xilinx, Inc. (NASDAQ:XLNX) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 701,000 shares of the programmable devices maker’s stock after selling 13,801 shares during the period. New York State Common Retirement Fund owned approximately 0.28% of Xilinx worth $45,088,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of XLNX. Acrospire Investment Management LLC bought a new stake in shares of Xilinx in the second quarter valued at approximately $103,000. O Shaughnessy Asset Management LLC grew its stake in Xilinx by 9,866.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after acquiring an additional 2,664 shares in the last quarter. Huntington National Bank grew its stake in Xilinx by 217.1% during the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after acquiring an additional 1,913 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Xilinx by 46.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock valued at $191,000 after acquiring an additional 936 shares in the last quarter. Finally, Harfst & Associates Inc. purchased a new position in Xilinx during the first quarter valued at approximately $201,000. 97.41% of the stock is currently owned by institutional investors.
Shares of Xilinx, Inc. (NASDAQ:XLNX) opened at 69.33 on Friday. The stock has a 50 day moving average of $64.29 and a 200-day moving average of $63.15. Xilinx, Inc. has a one year low of $48.75 and a one year high of $70.33. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 29.63 and a beta of 1.08.
Xilinx (NASDAQ:XLNX) last announced its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that Xilinx, Inc. will post $2.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Tuesday, August 8th. Xilinx’s dividend payout ratio (DPR) is currently 60.09%.
Several equities analysts recently commented on XLNX shares. Vetr raised shares of Xilinx from a “sell” rating to a “buy” rating and set a $69.47 price objective for the company in a research note on Monday, June 19th. Jefferies Group LLC raised shares of Xilinx from a “hold” rating to a “buy” rating and boosted their price objective for the company from $68.00 to $77.00 in a research note on Monday, July 10th. BidaskClub cut shares of Xilinx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. KeyCorp set a $70.00 price objective on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group set a $75.00 price objective on shares of Xilinx and gave the company a “buy” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.57.
In related news, CEO Moshe Gavrielov sold 25,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 270,856 shares of the company’s stock, valued at $18,894,914.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Scott Hover-Smoot sold 12,143 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $62.17, for a total transaction of $754,930.31. Following the completion of the transaction, the senior vice president now directly owns 41,869 shares of the company’s stock, valued at $2,602,995.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,931 shares of company stock valued at $3,499,574. Insiders own 0.40% of the company’s stock.
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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.
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