State of Tennessee Treasury Department Sells 91,650 Shares of Xilinx, Inc. (XLNX)
State of Tennessee Treasury Department cut its holdings in shares of Xilinx, Inc. (NASDAQ:XLNX) by 49.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,082 shares of the programmable devices maker’s stock after selling 91,650 shares during the period. State of Tennessee Treasury Department’s holdings in Xilinx were worth $6,664,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new position in shares of Xilinx in the 2nd quarter worth approximately $103,000. Sun Life Financial INC lifted 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 period. Huntington National Bank lifted its position in shares of Xilinx by 217.1% in the 2nd quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock worth $180,000 after purchasing an additional 1,913 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Xilinx by 46.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,964 shares of the programmable devices maker’s stock worth $191,000 after purchasing an additional 936 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Xilinx in the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 96.11% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC set a $65.00 price target on shares of Xilinx and gave the stock a “hold” rating in a research report on Thursday, July 27th. Vetr upgraded shares of Xilinx from a “hold” rating to a “buy” rating and set a $70.95 price target on the stock in a research report on Wednesday, July 26th. Rosenblatt Securities restated a “hold” rating on shares of Xilinx in a research report on Wednesday, July 26th. Finally, Mizuho restated a “neutral” rating and issued a $69.00 price target (up previously from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. Xilinx currently has an average rating of “Hold” and a consensus target price of $69.73.
In other news, CEO Moshe Gavrielov sold 121,400 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $70.73, for a total value of $8,586,622.00. Following the completion of the sale, the chief executive officer now owns 164,304 shares in the company, valued at approximately $11,621,221.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Lorenzo Flores sold 2,828 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $74.23, for a total transaction of $209,922.44. Following the completion of the sale, the chief financial officer now owns 28,313 shares of the company’s stock, valued at approximately $2,101,673.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,627 shares of company stock valued at $13,155,185. Company insiders own 0.40% of the company’s stock.
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Shares of Xilinx, Inc. (XLNX) opened at $71.87 on Monday. The company has a market cap of $18,035.98, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.35 and a current ratio of 9.86. Xilinx, Inc. has a one year low of $50.78 and a one year high of $75.14.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, October 25th. The programmable devices maker reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Xilinx had a net margin of 25.93% and a return on equity of 25.17%. The firm had revenue of $620.00 million during the quarter, compared to analyst estimates of $620.99 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. equities research analysts forecast that Xilinx, Inc. will post 2.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Xilinx’s payout ratio is 59.07%.
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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