Rothschild Asset Management Inc. Acquires New Stake in Xilinx, Inc. (XLNX)
Rothschild Asset Management Inc. acquired a new stake in shares of Xilinx, Inc. (NASDAQ:XLNX) during the first quarter, Holdings Channel reports. The firm acquired 8,476 shares of the programmable devices maker’s stock, valued at approximately $491,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Wealthsource Partners LLC raised its position in Xilinx by 0.6% in the first quarter. Wealthsource Partners LLC now owns 6,290 shares of the programmable devices maker’s stock valued at $364,000 after buying an additional 40 shares during the period. Capital Advantage Inc. raised its position in Xilinx by 1.1% in the first quarter. Capital Advantage Inc. now owns 6,640 shares of the programmable devices maker’s stock valued at $384,000 after buying an additional 75 shares during the period. Hilltop Holdings Inc. raised its position in Xilinx by 2.1% in the fourth quarter. Hilltop Holdings Inc. now owns 4,250 shares of the programmable devices maker’s stock valued at $257,000 after buying an additional 89 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Xilinx by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,067 shares of the programmable devices maker’s stock valued at $235,000 after buying an additional 124 shares during the period. Finally, Rosenbaum Jay D. raised its position in Xilinx by 0.6% in the first quarter. Rosenbaum Jay D. now owns 23,270 shares of the programmable devices maker’s stock valued at $1,348,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 94.87% of the company’s stock.
Xilinx, Inc. (XLNX) traded down 0.19% on Friday, reaching $64.74. 3,585,974 shares of the company traded hands. Xilinx, Inc. has a 1-year low of $43.50 and a 1-year high of $68.55. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 27.91 and a beta of 1.09. The stock has a 50 day moving average of $65.17 and a 200-day moving average of $60.03.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, April 26th. The programmable devices maker reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Xilinx had a net margin of 26.50% and a return on equity of 24.41%. The company had revenue of $609.50 million for the quarter, compared to analysts’ expectations of $605.25 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. Xilinx’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Xilinx, Inc. will post $2.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Tuesday, May 16th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, May 12th. This is a boost from Xilinx’s previous quarterly dividend of $0.33. Xilinx’s dividend payout ratio is currently 60.61%.
Several research firms have commented on XLNX. Jefferies Group LLC increased their price objective on shares of Xilinx from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Pacific Crest reiterated an “overweight” rating and set a $70.00 price objective on shares of Xilinx in a research report on Monday, May 8th. Instinet increased their price objective on shares of Xilinx from $45.00 to $50.00 and gave the company a “reduce” rating in a research report on Wednesday, May 24th. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Xilinx in a research report on Friday. Finally, Zacks Investment Research lowered shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $62.28.
In other news, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $66.69, for a total transaction of $640,224.00. Following the sale, the chief financial officer now owns 19,058 shares of the company’s stock, valued at $1,270,978.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Krishna Rangasayee sold 15,000 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $64.89, for a total transaction of $973,350.00. Following the sale, the insider now directly owns 15,555 shares in the company, valued at approximately $1,009,363.95. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $4,862,471 in the last three months. Corporate insiders own 0.52% 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.
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