Xilinx, Inc. (XLNX) Position Lowered by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its position in shares of Xilinx, Inc. (NASDAQ:XLNX) by 49.1% during the second quarter, Holdings Channel reports. The fund owned 35,796 shares of the programmable devices maker’s stock after selling 34,545 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Xilinx were worth $2,302,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Winslow Capital Management LLC bought a new stake in shares of Xilinx during the first quarter valued at approximately $203,769,000. Canada Pension Plan Investment Board increased its stake in shares of Xilinx by 779.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,827,386 shares of the programmable devices maker’s stock valued at $117,537,000 after buying an additional 1,619,600 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Xilinx during the first quarter valued at about $49,023,000. Vanguard Group Inc. increased its stake in shares of Xilinx by 3.1% in the first quarter. Vanguard Group Inc. now owns 27,030,100 shares of the programmable devices maker’s stock valued at $1,564,772,000 after buying an additional 812,627 shares during the period. Finally, Pictet Asset Management Ltd. increased its stake in shares of Xilinx by 631.1% in the first quarter. Pictet Asset Management Ltd. now owns 926,894 shares of the programmable devices maker’s stock valued at $53,658,000 after buying an additional 800,106 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xilinx, Inc. (NASDAQ XLNX) opened at 62.64 on Wednesday. The firm has a market capitalization of $15.57 billion, a PE ratio of 26.77 and a beta of 1.09. Xilinx, Inc. has a 52-week low of $48.75 and a 52-week high of $68.68. The stock has a 50 day moving average price of $64.54 and a 200-day moving average price of $62.09.
Xilinx (NASDAQ:XLNX) last issued its quarterly earnings data on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Xilinx had a return on equity of 24.70% and a net margin of 26.22%. The firm had revenue of $615.40 million during the quarter, compared to analyst estimates of $615.69 million. During the same period in the previous year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts forecast that Xilinx, Inc. will post $2.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.23%. Xilinx’s payout ratio is presently 60.09%.
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Several brokerages have issued reports on XLNX. BidaskClub upgraded Xilinx from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Vetr downgraded Xilinx from a “buy” rating to a “hold” rating and set a $69.47 price target for the company. in a report on Monday, June 26th. Wells Fargo & Company downgraded Xilinx from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a report on Tuesday, May 23rd. Barclays PLC upgraded Xilinx from an “underweight” rating to an “equal weight” rating and increased their price target 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 price objective on shares of Xilinx in a research report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.57.
In other news, insider Steven L. Glaser sold 15,788 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $63.38, for a total value of $1,000,643.44. Following the transaction, the insider now owns 12,387 shares in the company, valued at approximately $785,088.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total value of $754,930.31. Following the completion of the transaction, the senior vice president now owns 41,869 shares in the company, valued at approximately $2,602,995.73. 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 90 days. Company 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.
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